Why is Mukand falling/rising?

As of 23-Jul, Mukand Ltd's stock price is currently at 135.65, reflecting a decrease of 4.5, or 3.21%. The stock has underperformed its sector by 3.44% today, reaching an intraday low of Rs 135.05. Over the past week, the stock has declined by 5.04%, while it has shown a more favorable performance over the past month with a return of 19.89%. However, the stock has faced significant challenges, including a year-over-year decline of 17.29% and a concerning drop in profits by 26%. The company's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 5.63% and a high Debt to EBITDA ratio of 5.83 times, contribute to its negative outlook. Additionally, the lack of domestic mutual fund investment may indicate a lack of confidence in the stock's valuation.
In the broader market context, Mukand's recent performance contrasts sharply with the Sensex, which has gained 0.11% over the past week. While Mukand has shown some resilience with a 5.52% increase year-to-date, its consistent underperformance against the benchmark over the last three years raises concerns. The stock's ability to attract investor interest is further challenged by its poor long-term growth metrics and declining operating profits, which have led to a lack of support from institutional investors. Overall, these factors suggest that Mukand's stock price is under pressure, reflecting both company-specific issues and broader market dynamics.