Why is MM Forgings falling/rising?

As of 07-Nov, MM Forgings Ltd. is currently priced at 301.50, reflecting a decline of 2.8 or 0.92%. The stock has been underperforming, having lost 3.75% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In the past week, the stock has decreased by 1.21%, while over the last month, it has seen a smaller decline of 0.53%. Despite a rise in delivery volume by 14.08% on November 6, the company has reported negative results for five consecutive quarters, with a significant drop in net sales and profits, contributing to its recent price movement.
In the broader market context, the stock's performance has lagged behind the Sensex, which has gained 1.57% over the past month, while MM Forgings has experienced a decline. The stock's year-to-date return is notably poor at -35.84%, contrasting sharply with the Sensex's positive return of 6.50%. This underperformance is compounded by a low return on capital employed and a significant drop in profits, indicating a challenging operational environment for the company. Overall, the combination of negative financial results and poor relative performance against the benchmark has led to the stock's decline.