Why is MANGALAM SEEDS falling/rising?

As of 22-Sep, Mangalam Seeds Ltd is experiencing a decline in its stock price, currently at Rs 164.00, which reflects a decrease of Rs 1.95 or 1.18%. The stock opened lower today, with a gap down of 2.95%, and reached an intraday low of Rs 161.05. It has underperformed significantly over the past week and month, with returns of -2.55% and -4.93%, respectively. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Despite positive quarterly results showing the highest net sales and profits, the stock has seen a substantial decline of 33.74% over the past year, coupled with a 27.6% drop in profits, suggesting ongoing challenges that may be affecting investor sentiment.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has gained 0.46% over the past week and 1.05% over the past month, while Mangalam Seeds has posted negative returns in both periods. The agricultural seeds sector has also faced a decline of 2.26%, contributing to the stock's struggles. Furthermore, a decrease in investor participation, as evidenced by a 14.12% drop in delivery volume, indicates waning interest in the stock, which, combined with its significant underperformance relative to the market, reinforces the bearish outlook for Mangalam Seeds Ltd.