Why is MMTC falling/rising?

As of 21-Aug, MMTC Ltd's stock price is currently at 64.90, reflecting a decrease of 0.54 or 0.83%. The stock has recently underperformed its sector by 0.64% and has experienced a trend reversal, falling after three consecutive days of gains. In terms of returns, the stock has shown a 4.51% increase over the past week, but it has declined by 8.37% over the past month and 10.79% year-to-date. The company faces significant challenges, including a high debt-to-equity ratio of 5.43 times and a concerning annual net sales growth rate of -82.63% over the last five years. Additionally, the stock's profitability is low, with a return on capital employed averaging only 3.83%. The recent financial performance has been poor, with a 65.75% decline in profit after tax over the last six months and a negative EBITDA, which raises concerns about its valuation and investor confidence.
Broader market context indicates that while the Sensex has gained 1.74% over the past week, MMTC's performance has lagged behind, highlighting its struggles in a generally improving market. The stock has underperformed the broader market over the last year, with a return of -37.45% compared to the BSE500's -1.56%. This underperformance, combined with a low stake held by domestic mutual funds at only 0.51%, suggests a lack of confidence in the company's future prospects. The declining investor participation, indicated by a 16.16% drop in delivery volume, further emphasizes the challenges MMTC faces in regaining market trust and stabilizing its stock price.