Why is Sanmit Infra falling/rising?

As of 18-Aug, Sanmit Infra Ltd's stock price is currently at 9.42, reflecting a decrease of 0.06 or 0.63%. The stock has underperformed its sector by 2.6% today, and its performance over the past week shows a decline of 0.74%. Additionally, the stock has experienced significant underperformance over longer periods, with a year-to-date decline of 27.54% and a staggering 79.91% drop over the past three years. Despite the company declaring positive results for the last three consecutive quarters, including a notable growth in net sales, the stock's overall performance has been hampered by a substantial decline in profits and poor long-term growth metrics. The falling investor participation, indicated by a 30.51% drop in delivery volume, further exacerbates the stock's negative momentum.
In the broader market context, the Sensex has shown resilience with a 0.83% increase over the past week, contrasting sharply with Sanmit Infra's decline. This disparity highlights the stock's struggles relative to the market, as it has consistently underperformed against the BSE500 over various time frames. While the company maintains a strong ability to service debt and is trading at a discount compared to peers, the persistent negative returns and below-par performance in both the near and long term suggest that investor confidence remains low, contributing to the stock's downward trajectory.