Why is Sanmit Infra falling/rising?

As of 16-Sep, Sanmit Infra Ltd's stock price is currently at 9.51, reflecting a decrease of 0.09 or 0.94%. The stock has shown mixed performance recently, with a 1-week return of +1.60%, which slightly outperformed the Sensex's +1.58%. However, over the past month, it has underperformed with a return of +0.42% compared to the Sensex's +2.21%. Despite a rise in investor participation, as indicated by a 36.13% increase in delivery volume, the stock is trading below its 50-day, 100-day, and 200-day moving averages, suggesting a lack of momentum. The company has demonstrated strong financials with positive results over the last three quarters, including significant growth in net sales and a low debt-to-EBITDA ratio, but it has also faced challenges with a substantial decline in profits over the past year.
Broader market context indicates that while Sanmit Infra has performed poorly in the long term, with a year-to-date return of -26.85% compared to the Sensex's +5.43%, it has managed to show some resilience in the short term. The stock's performance has been below par in both the near and long term, as evidenced by its significant underperformance against the BSE500 over the last three years and one year. This combination of factors, including a fair valuation relative to peers but poor long-term growth prospects, contributes to the stock's current downward movement.