Why is MMTC falling/rising?

As of 31-Jul, MMTC Ltd's stock price is currently at 64.64, reflecting a decrease of 0.96, or 1.46%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.93%. In the past week, it has decreased by 5.70%, and over the last month, the decline is even steeper at 9.85%. The stock's performance has been poor over the past year, with a return of -41.91%, significantly worse than the benchmark Sensex, which has only fallen by 0.68%. Key negative factors contributing to this decline include a high debt-to-equity ratio of 5.43 times, poor long-term growth with net sales decreasing at an annual rate of 84.08%, and negative financial results, including a 95.2% drop in profit after tax compared to previous quarters. Additionally, the stock's liquidity is declining, with a 53.8% drop in delivery volume against the five-day average.
In the broader market context, while the Sensex has shown a slight decline of 1.22% over the past week, MMTC's performance has been significantly worse, indicating a lack of investor confidence in the stock compared to the overall market. The stock's recent performance is concerning, especially given its negative EBITDA and the fact that domestic mutual funds hold only a minimal stake of 0.51%, suggesting a lack of comfort with the company's current valuation. Overall, MMTC's substantial underperformance relative to both its historical returns and the broader market indicates a challenging environment for the stock moving forward.