Why is Mittal Life Styl falling/rising?

As of 14-Aug, Mittal Life Style Ltd is currently priced at 1.61, showing no change (0.00%). The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Additionally, the delivery volume has decreased by 7.88% compared to the 5-day average, suggesting falling investor participation. Over the past week, the stock has declined by 3.59%, and it has experienced a significant year-to-date drop of 33.74%. The company's weak long-term fundamentals, characterized by a -41.28% CAGR growth in operating profits over the last five years and a low return on equity of 2.20%, further contribute to its poor performance. The recent flat results reported in June, including the lowest operating profit to net sales ratio, highlight ongoing challenges. Moreover, a decrease in promoter stake by 0.8% indicates reduced confidence in the company's future.
In the broader market context, the Sensex has shown a slight increase of 0.14% over the past week, contrasting with Mittal Life Style's decline. While the stock has underperformed against the benchmark indices over various time frames, including a -19.50% return over the past year compared to the Sensex's +2.02%, it has also seen a profit increase of 25.4% despite the declining stock price. This suggests that while the company's profitability may be improving, investor sentiment remains negative, likely due to concerns over long-term viability and financial health. Overall, the combination of weak fundamentals, reduced investor participation, and declining promoter confidence has led to the stock's continued underperformance.