Why is Mena Mani Inds. falling/rising?

As of 16-Jul, Mena Mani Industries Ltd is experiencing a slight decline in its stock price, currently at 8.09, with a change of -0.03, representing a decrease of 0.37%. Despite this minor drop, the stock has shown positive performance over the past week and month, with returns of +10.07% and +18.97%, respectively. However, today's trading activity indicates a concerning trend, as the delivery volume has fallen significantly by 70.73% compared to the 5-day average, suggesting a decrease in investor participation. While the company has reported positive results for the last four consecutive quarters, including higher net sales and profit after tax, it also faces challenges such as a negative book value and weak long-term growth, which could be contributing to investor caution.
In the broader market context, Mena Mani Industries Ltd's recent performance contrasts with the benchmark, as it has outperformed the Sensex over the past week and month, while the benchmark has shown a decline of -1.08% over the past week. However, the stock has consistently underperformed against the benchmark over the last three years, with a return of -5.60% in the past year compared to the Sensex's gain of 2.38%. This underperformance, coupled with the company's negative book value and declining profits, may lead investors to view the stock as risky, impacting its overall market sentiment and contributing to the current price decline.