Why is MM Forgings falling/rising?

As of 04-Sep, MM Forgings Ltd. is currently priced at 318.30, reflecting an increase of 1.3 (0.41%). The stock has shown a positive trend recently, gaining for the last three days with a total return of 2.84% during this period. However, despite this short-term gain, the stock has underperformed over the past month with a decline of 7.48% and a significant year-to-date drop of 32.26%. The company's operating profit has grown at an annual rate of 37.03%, but it has also faced challenges, including a 2.42% decrease in net sales and negative results for the last five consecutive quarters, which have contributed to a year-over-year return of -46.04%.
In the broader market context, the stock's recent performance has slightly outpaced the Sensex, which has risen by 0.80% over the past week. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years, with a return of -33.56% compared to the Sensex's 37.27% gain. Additionally, falling participation from institutional investors, who have reduced their stake by 1.89%, raises concerns about the stock's future prospects. Overall, while there are some positive indicators, the persistent negative results and declining investor confidence suggest that the stock's upward movement may not be sustainable in the long term.