Why is Manaksia falling/rising?

As of 20-Jun, Manaksia Ltd's stock price is currently at 71.89, reflecting a decrease of 1.13 or 1.55%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.97% during this period. Additionally, the stock has shown negative returns over various time frames, including a 27.75% decline over the past year, while its profits have decreased significantly by 41.9%. The stock is trading at a premium compared to its peers, and despite a low debt-to-equity ratio, the company's long-term growth prospects appear poor, with net sales declining at an annual rate of 3.11% over the last five years.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.59% over the past week and 5.46% year-to-date. This underperformance is indicative of a lack of investor confidence, as evidenced by a significant drop in delivery volume, which has fallen by 36.76% against the five-day average. The stock's liquidity remains adequate for trading, but the overall sentiment is negative, particularly given the flat results reported in March and the low earnings per share of Rs 1.76.