Why is MM Forgings falling/rising?

As of 02-Sep, MM Forgings Ltd. is currently priced at 312.45, reflecting an increase of 2.95 or 0.95%. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Over the past week, the stock has decreased by 2.86%, and it has underperformed significantly over the past month and year, with returns of -7.06% and -47.49%, respectively. Despite these challenges, the company has demonstrated healthy long-term growth, with an annual operating profit growth rate of 37.03%. However, the stock has faced negative results in recent quarters, including a 2.42% decline in net sales and a consistent drop in profits, which has contributed to its underperformance relative to benchmarks.
In the broader market context, MM Forgings has underperformed the Sensex, which has seen a slight decline of 0.78% over the past week, while MM Forgings has experienced a more significant drop. The stock's performance over the last year is particularly concerning, with a return of -47.49% compared to the Sensex's -2.91%. Additionally, there has been a decrease in institutional investor participation, which may reflect a lack of confidence in the stock's future performance. This combination of factors, including declining sales, negative quarterly results, and falling institutional interest, suggests that while there may be short-term gains, the overall outlook remains challenging for MM Forgings.