Why is Manaksia falling/rising?

As of 24-Sep, Manaksia Ltd's stock price is currently at Rs 70.00, reflecting a decrease of Rs 1.48 or 2.07%. The stock has underperformed its sector by 1.3% today and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 70 and is trading below all its moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -34.33%, while its profits have declined by 42.2%. The company has a low debt-to-equity ratio, but it is trading at a premium compared to its peers, which may deter investors. Additionally, the stock's poor long-term growth, with net sales growing at only 0.61% annually over the last five years, contributes to its negative performance.
In the broader market context, the Sensex has shown a decline of 1.18% over the past week, while Manaksia's stock has decreased by 0.96% in the same period, indicating that it has slightly outperformed the benchmark in the short term. However, the stock's long-term performance is concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. This underperformance, combined with flat results in recent quarters and a significant drop in profit after tax, suggests that investor sentiment is negative, leading to the stock's current decline.