Why is Mittal Life Styl falling/rising?

As of 01-Aug, Mittal Life Style Ltd is experiencing a significant decline in its stock price, currently at 0.00, reflecting a change of -1.72, or -100.0%. The stock has seen a falling investor participation, with a delivery volume of 5.64 lacs on 31 July, which has decreased by 24.22% compared to the 5-day average delivery volume. Despite the company having a fair valuation with a Price to Book Value of 1.3 and a notable increase in profits by 173% over the past year, the stock's performance has been stagnant, generating a return of 0.00%. Additionally, the company's weak long-term fundamental strength, indicated by a low Return on Equity of 2.29% and a poor EBIT to Interest ratio of 1.05, contributes to the negative sentiment surrounding the stock. Furthermore, the reduction in promoter confidence, with a decrease in their stake by 0.8%, suggests a lack of faith in the company's future prospects.
In terms of broader market context, there is no available data to compare the stock's short-term return against a benchmark. However, the overall liquidity of the stock remains low, as it is liquid enough for a trade size of Rs 0 crore based on 2% of the 5-day average traded value. The combination of weak fundamentals, declining investor participation, and reduced promoter confidence paints a concerning picture for Mittal Life Style Ltd, leading to its current price decline.