Why is Mamata Machinery falling/rising?

As of 28-Aug, Mamata Machinery Ltd's stock price is currently at Rs 395.00, reflecting a decrease of Rs 7.0 or 1.74%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 6.53% during this period. Additionally, the stock has underperformed its sector by 0.6% today. It is trading below all its moving averages, indicating a bearish trend. The company reported a significant drop in net sales and profits in its latest quarterly results, with net sales falling by 39.3% and profit before tax down by 82.8% compared to previous quarters. Although the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, these positive factors are overshadowed by the recent poor financial performance and a decrease in institutional investor participation.
In the broader market context, Mamata Machinery's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of only 2.34% over the past week. The stock's one-month return is down 21.81%, while the Sensex has only decreased by 1.00% in the same timeframe. This stark difference highlights the stock's significant underperformance relative to the market. The falling participation from institutional investors, who have reduced their stake in the company, further indicates a lack of confidence in its current financial health and future prospects, contributing to the downward pressure on the stock price.