Why is Monotype India falling/rising?

As of 17-Jul, Monotype India Ltd's stock price is currently at Rs 0.69, reflecting a decrease of Rs 0.01 or 1.43%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.82%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 4.35% away from Rs 0.66. Despite reporting positive results over the last four quarters, including significant growth in net sales and profit after tax, the company faces challenges such as a negative book value, high debt levels, and decreasing promoter confidence, which contribute to its weak long-term fundamental strength.
In the broader market context, Monotype India's short-term performance has been notably poor, with a 1-week return of -4.17% compared to the Sensex's decline of only 1.12%. Over the past month, the stock has dropped by 10.39%, while the Sensex has increased by 0.83%. This stark contrast highlights the stock's struggles relative to the overall market. The declining investor participation, evidenced by a 13.32% drop in delivery volume, further exacerbates the stock's challenges, suggesting a lack of confidence among investors. Overall, the combination of negative sentiment, poor performance metrics, and broader market trends indicates that Monotype India is facing significant headwinds.