Why is Monotype India falling/rising?

As of 25-Jul, Monotype India Ltd is currently priced at Rs 0.68, showing no change (0.00%). The stock has underperformed in the short term, with a 1-week decline of 1.45% and a 1-month drop of 6.85%. It is also trading lower than its moving averages across various time frames, indicating a bearish trend. The stock is close to its 52-week low, just 4.41% above Rs 0.65. Despite the company reporting positive results for the last four consecutive quarters, including higher net sales and profit after tax, it faces significant challenges such as a negative book value, high debt levels, and decreasing promoter confidence, which may contribute to its stagnant price movement.
In the broader market context, Monotype India has significantly lagged behind the Sensex, which has gained 4.25% year-to-date, while Monotype has plummeted by 62.84% in the same period. The finance/NBFC sector has also seen a decline of 2.13%, reflecting a challenging environment. The stock's performance today has outpaced its sector by 2.12%, but the overall trend remains negative due to falling investor participation, as evidenced by a 51.58% drop in delivery volume compared to the 5-day average. This combination of poor performance relative to the benchmark and internal company challenges suggests a lack of investor confidence, contributing to the stock's current price stagnation.