Why is MM Forgings falling/rising?

As of 17-Sep, MM Forgings Ltd. is experiencing a price increase, currently at 332.45, reflecting a rise of 4.95 or 1.51%. Today's price summary indicates that the stock has outperformed its sector by 0.8%, although it is trading higher than its 5-day and 20-day moving averages but lower than its longer-term moving averages (50-day, 100-day, and 200-day). Over the past week, the stock has gained 2.53%, and in the past month, it has risen by 11.52%. However, it has faced significant challenges, including a decline in net sales by 2.42% and negative results for the last five consecutive quarters, contributing to a year-to-date return of -29.25% and a one-year return of -44.05%. Despite these negative trends, the company shows healthy long-term growth potential with an operating profit growth rate of 37.03% and an attractive valuation compared to peers.
In the broader market context, the stock's short-term performance has outpaced the Sensex, which has increased by 1.56% over the same week. However, the stock has consistently underperformed against the benchmark over the last three years, generating a return of -44.05% compared to the Sensex's -0.46% in the past year. Additionally, there has been a decline in institutional investor participation, with a decrease of 1.89% in their stake, which may reflect a lack of confidence in the company's fundamentals. This combination of short-term gains against a backdrop of long-term underperformance and declining investor interest suggests a complex situation for MM Forgings Ltd.