Why is Mukand falling/rising?

As of 18-Jul, Mukand Ltd's stock price is currently at 138.15, reflecting a decrease of 2.75, or 1.95%. The stock has been underperforming, having fallen for the last two days with a total decline of 3.29%. It has also touched an intraday low of Rs 137.85. Over the past week, the stock has decreased by 1.14%, while its performance over the last month shows a significant increase of 19.71%. However, the stock's long-term performance is concerning, with a 1-year return of -23.46% and a decline in profits by 26%. The company's weak fundamentals, indicated by a low Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, further exacerbate the situation, leading to a lack of confidence among investors.
In the broader market context, Mukand Ltd has underperformed compared to the Sensex, which has seen a slight decline of 0.90% over the same week. While the stock has shown some recovery in the past month, its year-to-date performance of +7.47% still lags behind the benchmark's +4.63%. The stock's liquidity is adequate, but the falling investor participation and the absence of domestic mutual fund investment suggest a lack of confidence in its future prospects. Overall, the combination of recent negative performance, weak fundamentals, and poor investor sentiment contributes to the stock's current downward trajectory.