Why is Meera Industries falling/rising?

As of 04-Sep, Meera Industries Ltd is currently priced at 66.56, reflecting a decline of 0.84, or 1.25%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decrease of 1.96% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite generating a positive return of 6.24% over the past year, the stock's recent performance has been overshadowed by a significant drop in investor participation, with delivery volume decreasing by 26.85% compared to the 5-day average. While the company has an attractive valuation with a return on capital employed (ROCE) of 12.7 and a low PEG ratio of 0.3, its long-term fundamentals appear weak, as evidenced by a modest average return on equity (ROE) of 7.13% and slow growth in net sales and operating profit over the past five years.
In the broader market context, Meera Industries has underperformed relative to the benchmark, with a 1-week return of -6.08% compared to the Sensex's gain of 0.80%. This trend of underperformance is further highlighted by the stock's year-to-date decline of 12.17%, while the Sensex has increased by 3.30%. The overall market sentiment has been negative, as reflected in the BSE500's decline of 4.38% over the past year, yet Meera Industries managed to generate a positive return during the same period. However, the recent price movements and declining investor interest suggest that the stock is facing challenges that could hinder its recovery in the short term.