Why is Sangam India falling/rising?

As of 18-Jul, Sangam (India) Ltd is experiencing a decline in its stock price, currently at Rs 464.40, which reflects a decrease of Rs 11.55 or 2.43%. Today's price summary indicates that the stock has underperformed its sector by 1.59%, touching an intraday low of Rs 458.05. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, there has been a notable drop in investor participation, with delivery volume falling by 26.12% against the 5-day average. While the stock has shown strong performance over longer periods, generating a return of 16.19% over the past year, it has also faced challenges, including a significant profit decline of 21.3% and negative results for the last 10 consecutive quarters.
In the broader market context, Sangam (India) Ltd has outperformed the benchmark Sensex over various time frames, including a 10.77% return over the past month compared to a 0.38% increase in the index. However, the stock's recent decline may be influenced by its weak long-term fundamental strength, as indicated by a low Return on Capital Employed (ROCE) of 6.5% and a high Debt to EBITDA ratio of 3.51 times. The lack of domestic mutual fund investment, which stands at 0%, may also reflect a lack of confidence in the company's valuation or business prospects. Overall, while the stock has shown strong historical performance, current negative financial indicators and reduced investor interest are contributing to its recent price decline.