Why is Mayur Uniquoters falling/rising?

As of 11-Sep, Mayur Uniquoters Ltd is experiencing a decline in its stock price, currently at 518.10, reflecting a decrease of 4.05 (-0.78%). The stock has been on a downward trend, losing value for the last four consecutive days, with a total decline of 4.23% during this period. It is trading below its moving averages across various time frames, indicating a bearish sentiment. Despite the stock's recent poor performance, it has shown a low Debt to Equity ratio and a fair valuation with a Price to Book Value of 2.4. However, the stock has underperformed significantly over the past year, generating a return of -15.97%, despite an 18% increase in profits, which suggests that the market may not fully recognize the company's potential.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.80% compared to the Sensex's gain of +1.03%. This consistent underperformance against the benchmark over the last three years has contributed to negative investor sentiment. Although there has been an increase in institutional investor participation, which rose by 0.53% in the previous quarter, the overall market conditions and the company's flat results in recent quarters have led to a cautious outlook among investors.