Why is MM Forgings falling/rising?

As of 15-Sep, MM Forgings Ltd. has experienced a price increase, currently trading at 330.00, reflecting a rise of 3.0 (0.92%). The stock has shown a positive trend over the last three days, gaining 1.77% during this period. However, it has underperformed in the short term, with a 1-week return of -2.08% compared to the Sensex's gain of +1.24%. Despite the recent uptick, the stock has faced significant challenges, including a decline in net sales and negative results over the last five quarters, which have contributed to a substantial year-to-date drop of -29.77%. The company's operating profit has grown at an annual rate of 37.03%, but profits have fallen by -18.4% over the past year, indicating underlying weaknesses.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has consistently underperformed against the Sensex over the last three years, generating -42.96% returns in the past year while the benchmark has only declined by -1.33%. Institutional investor participation has also decreased, with a -1.89% reduction in their stakes, suggesting a lack of confidence in the stock's future prospects. Although the stock is trading at a discount compared to its peers, the overall negative sentiment and declining investor interest highlight the challenges MM Forgings faces in regaining market confidence.