Why is MMTC falling/rising?

As of 11-Aug, MMTC Ltd's stock price is currently at 62.55, reflecting a decrease of 0.62, or 0.98%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.74% during this period. Additionally, MMTC's performance over the past week shows a drop of 4.63%, while its one-month return is down by 7.85%. The stock is trading below its moving averages across various timeframes, indicating a bearish trend. Key negative factors contributing to this decline include a high debt-to-equity ratio of 5.43, poor long-term growth with net sales decreasing at an annual rate of 82.63% over the last five years, and a significant drop in profitability, as evidenced by a 70.7% fall in profits over the past year.
In the broader market context, MMTC's performance has significantly lagged behind the benchmark, with a one-year return of -37.45% compared to the Sensex's modest gain of 1.13%. This stark contrast highlights the stock's struggles relative to the overall market, which has generated negative returns of only -1.85% in the same timeframe. The lack of investor confidence is further reflected in the low participation from domestic mutual funds, which hold only 0.51% of the company, suggesting a lack of comfort with the stock's current valuation or business outlook. Overall, the combination of high debt, declining sales, and poor profitability metrics has led to a negative sentiment surrounding MMTC, contributing to its recent price decline.