Why is Mittal Life Styl falling/rising?

As of 09-Jul, Mittal Life Style Ltd is experiencing a decline in its stock price, currently at 1.73, reflecting a decrease of 0.03 or 1.7%. The stock has underperformed its sector today by 1.33%, with a delivery volume that has fallen significantly by 55.3% compared to the 5-day average. Over the past week, the stock has shown a modest gain of 1.17%, but it has generated a negative return of 18.78% over the past year. While the company has seen a substantial increase in profits by 173% over the same period, its weak long-term fundamentals, including a -36.74% CAGR growth in operating profits over the last five years and a low return on equity of 2.29%, contribute to investor concerns. Additionally, the promoters have reduced their stake by 2.64%, indicating a lack of confidence in the company's future.
In the broader market context, the stock's short-term performance of +1.17% over the past week contrasts with the Sensex, which has only increased by 0.09%. However, the stock's year-to-date performance is significantly worse than the benchmark, with a decline of 28.81% compared to the Sensex's gain of 7.75%. This underperformance in both the short and long term, coupled with declining investor participation and liquidity concerns, suggests that the market sentiment towards Mittal Life Style Ltd remains negative, leading to its current price decline.