Why is Manaksia falling/rising?

As of 19-Sep, Manaksia Ltd's stock price is currently at 69.26, reflecting a decrease of 1.02, or 1.45%. The stock has been underperforming, having fallen for the last three days, resulting in a total decline of 2.18% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -30.36%, while its profits have decreased by 42.2%. Despite a low debt-to-equity ratio and a fair valuation indicated by a 0.8 Price to Book Value, the stock is trading at a premium compared to its peers, which may contribute to investor caution.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting with Manaksia's decline of 0.96% during the same period. This underperformance is further highlighted by the stock's negative returns over the last month and year, where it has lagged behind the benchmark indices. The company's flat financial results, including a significant drop in net sales and profit after tax, coupled with poor long-term growth prospects, suggest that investors are losing confidence, leading to the stock's downward trend.