Why is Mitcon Consult. falling/rising?

As of 16-Sep, Mitcon Consultancy & Engineering Services Ltd is currently priced at 64.91, reflecting a slight increase of 0.14 (0.22%). The stock has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the stock has experienced a significant decline in investor participation, with delivery volume dropping by 56.13% compared to the 5-day average. Over the past year, the stock has generated a return of -49.42%, which is substantially lower than the benchmark's performance, highlighting its struggles. While the company has a very attractive valuation with a ROCE of 8.7 and high institutional holdings at 24.81%, it has also faced negative financial results, including a 39% drop in profits and a concerning debt to EBITDA ratio of 4.81 times.
In the broader market context, the stock's performance over the past week shows a decline of 1.28%, contrasting with a 1.49% increase in the Sensex, indicating underperformance relative to the market. The stock's long-term fundamentals are weak, with a low growth rate in net sales and a significant drop in profitability, which further exacerbates its negative outlook. Despite trading at a discount compared to its peers, the overall poor performance in both the near and long term suggests that investor confidence remains low, contributing to the stock's struggles in the current market environment.