Why is MM Forgings falling/rising?

As of 16-Sep, MM Forgings Ltd. is experiencing a decline in its stock price, currently at 327.50, which reflects a decrease of 2.5 or 0.76%. The stock has underperformed its sector by 2.23% today and has seen a trend reversal after three consecutive days of gains. Additionally, the stock's performance over the past week shows a slight decline of 0.35%, while it has increased by 9.86% over the past month. However, the stock has faced significant challenges, including a 45.93% drop in returns over the past year and negative results reported for the last five consecutive quarters, with a notable fall in net sales and profits. The company's operating profit growth of 37.03% annually contrasts sharply with its recent performance, indicating underlying issues that are affecting investor confidence.
In the broader market context, the stock's recent performance is notably weaker compared to the benchmark, as the Sensex has gained 1.58% over the past week and 2.21% over the past month. This consistent underperformance against the benchmark over the last three years, coupled with a decrease in institutional investor participation, suggests a lack of confidence in the company's future prospects. The decline in institutional stakes, which have fallen by 1.89%, further highlights the challenges MM Forgings faces in regaining investor trust and improving its market position.