Why is Mittal Life Styl falling/rising?

As of 19-Aug, Mittal Life Style Ltd is experiencing a decline in its stock price, currently at 1.67, which represents a decrease of 0.04 or 2.34%. The stock has underperformed its sector by 2.56% today, despite a significant increase in delivery volume, which rose by 351.33% against the 5-day average. Over the past week, the stock has shown a modest gain of 3.09%, but it has struggled in the longer term, with a 1-month return of -4.02% and a year-to-date decline of -31.28%. The company's weak long-term fundamentals, highlighted by a -41.28% CAGR growth in operating profits over the last five years and a low return on equity of 2.20%, contribute to its poor performance. Additionally, the recent reduction in promoter stake by 0.8% signals a lack of confidence in the company's future prospects.
In the broader market context, while the Sensex has shown a positive return of 2.01% over the past week, Mittal Life Style Ltd's performance has lagged significantly, particularly over the last year, where it has returned -20.10% compared to the benchmark's -0.91%. This stark contrast indicates that investor sentiment towards Mittal Life Style Ltd is notably negative, exacerbated by the company's flat financial results and high valuation relative to its peers. The combination of weak operational performance, declining promoter confidence, and underperformance against the market suggests that the stock's recent decline is driven by fundamental weaknesses and a lack of investor support.