Why is Mehai Technology falling/rising?

As of 13-Oct, Mehai Technology Ltd is experiencing a decline in its stock price, currently at 7.76, which reflects a decrease of 0.33 or 4.08%. The stock has underperformed its sector by 3.23% today and has been on a consecutive downward trend for the last five days, resulting in a significant drop of 17.71% over that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite the company reporting strong long-term growth metrics, such as a remarkable annual growth rate of 186.25% in net sales and a 758.33% increase in profit after tax over the last six months, its low return on capital employed (ROCE) of 5.99% and high debt to EBITDA ratio of 4.04 times raise concerns about management efficiency and profitability, contributing to the stock's recent decline.
In the broader market context, Mehai Technology's performance has been notably poor compared to the benchmark, with a 1-week return of -17.71% against a positive return of 0.66% for the Sensex. While the stock has managed to generate a 31.43% return over the past year, it is still facing challenges as domestic mutual funds hold no stake in the company, indicating a lack of confidence among institutional investors. This combination of underperformance in the short term and concerns regarding financial health and management efficiency has led to the stock's downward trajectory.