Why is MBL Infrast falling/rising?

As of 04-Jul, MBL Infrastructure Ltd is experiencing a decline in its stock price, currently at 41.70, reflecting a decrease of 0.26 or 0.62%. The stock has underperformed its sector by 1.04% today and has been on a downward trend for the last four days, resulting in a total decline of 6.61% during this period. Over the past week, the stock has dropped by 5.87%, while its performance over the last year shows a significant decline of 47.75%. The company has reported negative results for the last seven consecutive quarters, with operating losses and a high debt-to-EBITDA ratio indicating weak long-term fundamentals. Additionally, the promoters have reduced their stake in the company, which may signal a lack of confidence in its future prospects.
In the broader market context, MBL Infrastructure's recent performance contrasts sharply with the benchmark, as the Sensex has gained 3.01% over the past month and 6.77% year-to-date. While the stock has shown a remarkable increase of 119.47% over the last three years, its recent trajectory is concerning, particularly given the negative returns of 47.75% over the past year compared to the market's positive performance. This underperformance, coupled with the company's ongoing operational challenges and reduced promoter confidence, contributes to the stock's current decline.