Why is Sangam India falling/rising?

As of 11-Jul, Sangam (India) Ltd's stock price is currently at Rs 451.25, reflecting a decline of Rs 13.5 or 2.9%. Today's performance indicates that the stock has underperformed its sector by 1.38%, with an intraday low of Rs 448, marking a decrease of 3.6%. Although the stock has shown a positive return of 9.39% over the past year, it has faced challenges, including a significant profit decline of 21.3%. The company's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 6.5 and a high Debt to EBITDA ratio of 3.51, contribute to a negative outlook. Furthermore, the lack of domestic mutual fund investment may signal investor caution regarding the stock's valuation and business stability.
In the broader market context, the stock has outperformed the benchmark Sensex over the past month, gaining 6.80% compared to a slight decline of 0.02% for the index. However, the recent decline in Sangam's stock price contrasts with its year-to-date performance, where it has risen by 9.00% against the Sensex's 5.58% increase. This suggests that while the stock has shown resilience in the longer term, the current negative sentiment and fundamental weaknesses are impacting its immediate price movement.