Why is MM Forgings falling/rising?

As of 04-Jul, MM Forgings Ltd. is currently priced at 377.30, reflecting a decrease of 0.85 (-0.22%). The stock has underperformed its sector today by 0.79%, with a delivery volume that has fallen by 21.21% compared to the 5-day average. Over the past week, the stock has shown a modest gain of 0.56%, but it has significantly underperformed over the longer term, with a year-to-date decline of 19.71% and a staggering 41.55% drop over the past year. The company's financial health is concerning, as it has reported negative results for the last four consecutive quarters, with a return on capital employed (ROCE) at its lowest and a declining debtors turnover ratio. Despite trading at a discount compared to its peers, the stock's recent performance is hindered by falling investor participation, particularly from institutional investors.
In the broader market context, while the Sensex has gained 3.01% over the past month, MM Forgings has only managed a 2.72% increase, indicating a lag in performance relative to the benchmark. The stock's long-term growth prospects appear poor, with net sales growing at an annual rate of only 14.95% over the last five years. This underperformance is further highlighted by the fact that institutional investors have reduced their stakes, suggesting a lack of confidence in the company's future. Overall, the combination of negative financial results, declining investor interest, and poor long-term growth prospects contributes to the stock's downward movement.