Why is MM Forgings falling/rising?

As of 14-Aug, MM Forgings Ltd. is currently priced at 301.90, reflecting a slight increase of 0.45 (0.15%). The stock has recently experienced a trend reversal, gaining after three consecutive days of decline. However, it has hit a new 52-week low of Rs.295.1 today. Over the past week, the stock has underperformed with a return of -1.50%, and it has significantly lagged behind the benchmark, with a year-to-date return of -35.75% compared to the Sensex's +3.15%. The company has faced challenges, including a -2.42% decline in net sales and negative results for the last five consecutive quarters, leading to a -46.82% return over the past year. Despite a healthy long-term growth rate in operating profit, the stock's recent performance has been negatively impacted by falling investor participation and a decrease in institutional stakes.
In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark, which has only declined by -0.03% over the past week. While MM Forgings has outperformed its sector by 0.4% today, the overall trend remains concerning, with the stock trading below all key moving averages. The decline in institutional investor participation, who typically have better analytical capabilities, further exacerbates the stock's challenges. The consistent underperformance against the benchmark over the last three years, along with a significant drop in profits, indicates that investor sentiment remains weak, contributing to the stock's struggles in the current market environment.