Why is MM Forgings falling/rising?

As of 01-Jul, MM Forgings Ltd. is experiencing a decline in its stock price, currently at 378.75, which reflects a decrease of 5.05 or 1.32%. Today's price movement indicates a trend reversal, as the stock has fallen after two consecutive days of gains. It touched an intraday low of Rs 374.8, and while it is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. The stock has shown a return of -41.11% over the past year, with profits decreasing by 9.6%. Additionally, the recent performance has been impacted by a decline in institutional investor participation, which has decreased by 1.58% over the previous quarter.
In the broader market context, the stock's short-term return of +3.20% over the past week outperformed the Sensex, which gained 2.00%. However, the long-term performance remains concerning, as the stock has underperformed against the BSE500 over the last three years, one year, and three months. The company's negative results over the last four consecutive quarters and poor long-term growth prospects, with net sales growing at an annual rate of only 14.95% over the past five years, contribute to the overall bearish sentiment surrounding the stock.