Why is MSTC falling/rising?

As of 13-Jun, MSTC Ltd's stock price is currently at 530.25, reflecting a decrease of 8.85 points or 1.64%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.65% during this period. 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 has shown poor long-term growth, with net sales declining at an annual rate of 24.06% over the past five years. The recent quarterly results also revealed significant drops in both net sales and pre-tax profit, contributing to a negative sentiment among investors. Furthermore, institutional investors have reduced their stakes, which may signal a lack of confidence in the company's future performance.
In the broader market context, MSTC's performance has been notably weaker compared to the benchmark, with a year-to-date decline of 21.96% against a 3.81% increase in the Sensex. Over the past year, while the broader market has generated positive returns of 5.61%, MSTC has suffered a substantial drop of 40.84%. This stark contrast highlights the stock's underperformance relative to the market, further exacerbated by falling investor participation and liquidity concerns. Overall, the combination of poor financial results, declining institutional interest, and a significant underperformance compared to the benchmark has led to the stock's current downward trajectory.