Why is Media Matrix falling/rising?

As of 30-Jun, Media Matrix Worldwide Ltd is experiencing a decline in its stock price, currently at 15.81, which reflects a decrease of 0.32 or 1.98%. The stock has underperformed its sector by 2.34% today and has been on a consecutive downward trend for the past seven days, resulting in a total decline of 12.99% during this period. Over the past week, the stock has seen a significant drop of 9.45%, while its performance over the last month shows a gain of 21.06%. However, the stock's year-to-date performance is down by 1.68%, and it has underperformed the market over the past year with a return of -12.22%. The company's low debt-to-equity ratio of 0.07 indicates financial stability, but recent financial results show concerning trends, including a 50.72% decline in profit after tax and a 42.6% drop in net sales compared to the previous quarter's average.
In the broader market context, the Sensex has increased by 2.09% over the past week and 2.65% over the past month, indicating that Media Matrix's recent performance is lagging behind the overall market trends. The stock's underperformance is further highlighted by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence among institutional investors. Additionally, while the stock has shown strong returns over a three-year period at 82.77%, its recent negative performance and falling investor participation, with a 60.95% drop in delivery volume, contribute to the current downward pressure on the stock price.