Why is Sanmit Infra falling/rising?

As of 22-Sep, Sanmit Infra Ltd's stock price is currently at 9.53, reflecting a decrease of 0.13, or 1.35%. The stock has underperformed the sector today by 0.34%, despite a rise in investor participation, as evidenced by a 22.86% increase in delivery volume compared to the 5-day average. While the stock is trading above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 0.73%, and it has shown a significant drop of 26.69% year-to-date, alongside a troubling 30.18% decline over the past year. Although the company has demonstrated strong financials with positive results in the last three quarters, including an 88.92% growth in net sales, the stock's long-term performance has been poor, with a 38.8% drop in profits over the past year.
Broader market context indicates that the stock has consistently underperformed against the benchmark, with a return of -30.18% over the past year compared to a -2.82% return for the Sensex. This underperformance is further highlighted by the stock's significant decline of 81.59% over the past three years, while the Sensex has gained 38.97% in the same period. The broader market has shown resilience, with the Sensex gaining 0.46% over the past week and 1.05% over the past month, contrasting sharply with Sanmit Infra's negative returns. The company's low debt-to-EBITDA ratio and fair valuation may provide some support, but the overall sentiment remains cautious due to its poor long-term growth prospects and recent underperformance.