Why is Permanent Magnet falling/rising?

As of 10-Jun, Permanent Magnets Ltd is experiencing a decline in its stock price, currently at Rs 891.35, reflecting a decrease of Rs 58.3 or 6.14%. The stock has underperformed its sector by 7.79% today and has seen a trend reversal after four consecutive days of gains. It touched an intraday low of Rs 886.95, indicating a significant drop of 6.6%. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the stock's performance over the past year has been poor, with a return of -15.64% compared to the Sensex's gain of 7.72%. Additionally, the company has shown weak financial performance, with a decline in net sales and operating profit, contributing to a bearish outlook.
In the broader market context, while the Sensex has increased by 2.05% over the past week and 3.70% over the past month, Permanent Magnets Ltd has significantly lagged behind, with a 32.31% gain over the past week and a 12.83% gain over the past month. The stock's long-term growth prospects appear weak, as evidenced by a low return on equity and a high price-to-book value ratio compared to its peers. Institutional investor participation has also decreased, indicating a lack of confidence in the company's fundamentals. Overall, the combination of poor financial results, bearish technical indicators, and declining institutional interest has contributed to the stock's recent downward movement.