Why is Sangam India falling/rising?

As of 03-Sep, Sangam (India) Ltd is currently priced at 375.90, reflecting an increase of 0.9 or 0.24%. Despite this slight uptick, the stock has underperformed its sector by 0.71% today. The stock's performance over the past week shows a notable gain of 7.43%, although it has experienced a decline of 9.30% over the past month. Key concerns include a significant drop in investor participation, with delivery volume falling by 54.2% compared to the 5-day average. Additionally, while the company has demonstrated healthy long-term growth with an annual operating profit increase of 33.22%, it has also faced challenges, including a 49% decline in profits over the past year and negative results for the last 11 consecutive quarters, which have contributed to a negative sentiment around the stock.
Broader market context indicates that the stock has consistently underperformed against the benchmark, with a return of -12.44% over the past year compared to a -2.41% decline in the Sensex. This underperformance is further highlighted by the stock's negative returns in each of the last three annual periods. The company's high Debt to EBITDA ratio of 3.51 times raises concerns about its ability to service debt, which, combined with a low Return on Equity of 9.42%, suggests limited profitability. Furthermore, the lack of investment from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in the stock's valuation or business prospects.