Why is Mangalam Industr falling/rising?

As of 14-Jul, Mangalam Industrial Finance Ltd is experiencing a decline in its stock price, currently at 1.61, with a change of -0.01, representing a decrease of -0.62%. The stock has underperformed its sector by -0.7% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of -3.59% during this period. Over the past week, the stock has fallen by -6.40%, while its performance over the past month shows a slight decrease of -0.62%. The stock's long-term performance is concerning, with a staggering -61.94% return over the past year, despite a 105% increase in profits, indicating weak long-term fundamental strength and a high valuation relative to its peers. Additionally, the reduction in promoter stake by -5.2% suggests diminishing confidence in the company's future prospects.
In the broader market context, the Sensex has shown a decline of -1.42% over the past week, indicating a relatively weaker performance compared to Mangalam Industrial Finance Ltd's -6.40% drop. This suggests that while the overall market is also facing challenges, the company's stock is underperforming even more significantly. The stock's liquidity remains adequate for trading, but the falling investor participation, as evidenced by a -0.19% decrease in delivery volume, further exacerbates the negative sentiment surrounding the stock. Overall, the combination of poor long-term performance, reduced promoter confidence, and underwhelming short-term returns contributes to the stock's downward trajectory.