Why is Sanmit Infra falling/rising?

As of 09-Jul, Sanmit Infra Ltd's stock price is currently at 10.69, reflecting a decrease of 0.04 or 0.37%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 1.84% during this period. Over the past week, the stock has underperformed significantly, with a return of -5.65% compared to the Sensex's slight gain of 0.15%. Additionally, the stock's performance over the last month and year has been poor, with declines of 7.04% and 34.54%, respectively. Despite these challenges, the company has shown a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.09 times, and it reported positive quarterly results with significant growth in PAT and net sales.
In the broader market context, Sanmit Infra's recent performance contrasts sharply with the Sensex, which has gained 1.32% over the past month and 6.91% year-to-date. This disparity highlights the stock's struggle to attract investor interest, as indicated by a 39.39% drop in delivery volume compared to the five-day average. Although the stock is trading at a discount relative to its peers and has a fair valuation, the significant decline in profits over the past year by 65.1% has likely contributed to the negative sentiment surrounding the stock. Overall, while there are some positive indicators, the stock's recent performance and broader market trends suggest a challenging environment for Sanmit Infra Ltd.