Why is MM Forgings falling/rising?

As of 29-Aug, MM Forgings Ltd. is experiencing a decline in its stock price, currently at Rs 311.00, which reflects a decrease of 5.05 (-1.6%). The stock has been losing value for the last two days, with a total drop of 3.31% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has underperformed significantly over the past year, with a return of -48.08%, while its profits have decreased by 18.4%. The company has reported negative results for five consecutive quarters, including a 2.42% fall in net sales and a 37.0% decline in profit after tax compared to the previous quarter's average. Although the company shows potential for long-term growth with a healthy operating profit growth rate of 37.03%, the current negative financial results and falling investor participation, particularly from institutional investors, are contributing to the stock's downward movement.
In the broader market context, MM Forgings' short-term performance has been worse than the benchmark, with a 1-week return of -2.54% compared to the Sensex's -1.84%. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in institutional investor participation, suggests a lack of confidence in the stock's recovery. The stock's liquidity remains adequate for trading, but the overall sentiment appears to be negative, driven by disappointing financial results and a decline in investor interest.