Why is Sanmit Infra falling/rising?

As of 15-Jul, Sanmit Infra Ltd's stock price is currently at 10.68, reflecting an increase of 0.04 or 0.38%. Despite this slight uptick, the stock has underperformed its sector by 0.54% today, with a notable decline in investor participation, as evidenced by a 19.55% drop in delivery volume compared to the 5-day average. Over the past week, the stock has decreased by 0.47%, and it has experienced significant declines over longer periods, including a 7.85% drop in the last month and a staggering 32.32% fall over the past year. The company does exhibit some positive attributes, such as a strong ability to service debt with a low Debt to EBITDA ratio of 1.09 times and positive quarterly results, including the highest net sales and profits recorded in March 2025. However, the stock's performance has been hampered by a substantial 65.1% decline in profits over the past year.
In the broader market context, Sanmit Infra's recent performance contrasts sharply with the benchmark index, Sensex, which has gained 1.79% over the past month and 5.67% year-to-date. This underperformance is further highlighted by the stock's significant declines over longer periods compared to the benchmark, including a 75.05% drop over three years. While the stock is trading at a discount compared to its peers' average historical valuations, the overall negative sentiment and declining returns suggest that investor confidence remains low, contributing to the stock's struggles in the current market environment.