Why is Sanmit Infra falling/rising?

As of 16-Jul, Sanmit Infra Ltd's stock price is currently at 10.65, reflecting a decrease of 0.03, or 0.28%. The stock has underperformed its sector today by 0.73%. In terms of returns, the stock has shown a decline of 0.37% over the past week and a significant drop of 18.08% year-to-date. Additionally, the stock has underperformed the market over the last year, with a return of -32.12% compared to the Sensex's gain of 2.38%. The company's performance metrics indicate a strong ability to service debt, with a low Debt to EBITDA ratio of 1.09 times, and it has reported positive quarterly results. However, the stock's profits have fallen by 65.1% over the past year, contributing to its negative performance.
In the broader market context, while the Sensex has generated a return of 5.75% year-to-date, Sanmit Infra's significant decline of 18.08% highlights its struggles relative to the benchmark. The stock's recent price movement is further compounded by a decrease in investor participation, as evidenced by a 29.42% drop in delivery volume against the five-day average. Although the stock is trading at a discount compared to its peers, the poor long-term growth and underperformance in the last year suggest that investor sentiment remains cautious. Overall, the combination of declining profits, reduced trading activity, and underperformance against the market is contributing to the stock's current downward trajectory.