Why is Mangalam Industr falling/rising?

As of 03-Jul, Mangalam Industrial Finance Ltd is currently priced at 1.61, with no change in price (0.00%). The stock has shown a performance today that outperformed its sector by 0.52%. However, it has a mixed performance in the short term, with a 1-week return of +3.21%, while it has underperformed over the last month with a return of -0.62%. The stock is currently trading higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant decline in investor participation, with delivery volume dropping by 49.84% compared to the 5-day average. The stock has also experienced a substantial decline in long-term performance, with a year-to-date return of -56.37% and a 1-year return of -63.57%. The company's weak long-term fundamentals, indicated by a low return on equity (ROE) of 1.38% and a high price-to-book value ratio of 5.9, contribute to its classification as a strong sell. Additionally, the reduction in promoter stake by 5.2% over the previous quarter raises concerns about confidence in the company's future.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 3.21% over the past week, while the Sensex itself has declined by 0.62%. However, the stock's long-term performance remains significantly below that of the benchmark, with a 1-year return of -63.57% compared to the Sensex's gain of 4.07%. This underperformance, combined with the company's declining fundamentals and reduced promoter confidence, suggests that while there may be short-term fluctuations, the overall outlook for Mangalam Industrial Finance Ltd remains challenging.