Why is MM Forgings falling/rising?

As of 18-Sep, MM Forgings Ltd. is currently priced at 335.75, reflecting an increase of 3.3 (0.99%). The stock has shown a positive performance today, outperforming its sector by 0.35% and achieving a consecutive gain over the last two days with a total return of 2.52%. It reached an intraday high of Rs 340, indicating some upward momentum. However, despite this recent rise, the stock has experienced significant underperformance over the past year, with a return of -43.60%. The company's operating profit has grown at an annual rate of 37.03%, but it has faced challenges, including a decline in net sales of -2.42% and negative results for the last five consecutive quarters, which may contribute to investor caution.
In the broader market context, MM Forgings has outperformed the Sensex in the short term, with a weekly return of +3.50% compared to the Sensex's +1.80%. However, the stock's year-to-date performance remains concerning, with a decline of -28.55% against the Sensex's +6.24%. The falling participation from institutional investors, who have reduced their stake by -1.89%, may also reflect a lack of confidence in the company's fundamentals. Overall, while there are some positive indicators in the short term, the long-term performance and recent negative results weigh heavily on the stock's outlook.