Why is Mamata Machinery falling/rising?

As of 30-Jun, Mamata Machinery Ltd's stock price is currently at 395.10, reflecting a slight decrease of -0.1, or -0.03%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of -6.72% during this period. Over the past week, the stock has decreased by -4.52%, and for the month, it has dropped by -10.35%. Despite this decline, the company has shown positive financial indicators, such as a low debt-to-equity ratio of 0.06 times and significant growth in net profit of 226.74%, which may suggest potential for recovery in the long term. However, the stock's performance today has underperformed its sector by -1.2%, indicating ongoing challenges in attracting investor confidence.
In the broader market context, the Sensex has increased by +2.09% over the past week and +2.65% over the past month, contrasting sharply with Mamata Machinery's negative returns. This divergence highlights the stock's struggle relative to the overall market performance. The company's recent positive results, including record net sales and operating profit margins, suggest that while the fundamentals may be strong, investor sentiment is currently weak, contributing to the stock's decline. The rising investor participation, indicated by a significant increase in delivery volume, may provide some hope for recovery, but the stock's current trajectory remains downward in the short term.