Why is Mena Mani Inds. falling/rising?

As of 17-Jul, Mena Mani Industries Ltd is currently priced at 8.00, reflecting a decrease of 0.09, or 1.11%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 1.48%. Despite this short-term drop, the stock has shown positive performance over the past week and month, with returns of 1.27% and 19.40%, respectively. However, the stock's delivery volume has significantly decreased, falling by 91.42% against the five-day average, indicating a decline in investor participation. The company has reported positive results for the last four consecutive quarters, with net sales and profit after tax showing increases, but it also has a negative book value and weak long-term fundamental strength, which raises concerns about its sustainability and growth potential.
In the broader market context, Mena Mani Industries Ltd has underperformed against the benchmark, with a one-year return of -6.65% compared to the Sensex's gain of 1.91%. While the stock has outperformed the benchmark in the short term, it has consistently lagged behind over the past three years, reflecting a trend of underperformance. The stock's recent decline, coupled with its negative book value and the risk associated with its historical valuations, suggests that investors may be cautious, leading to the observed price movement.