Why is Shah Metacorp falling/rising?

As of 20-Jun, Shah Metacorp Ltd is experiencing a decline in its stock price, currently at 4.04, which represents a decrease of 0.21 or 4.94%. The stock has underperformed its sector by 5.98% today and has been on a consecutive downward trend for the last three days, resulting in a total return drop of 18.55% during this period. Although the company has reported positive financial results over the last ten quarters, including significant growth in profit after tax and net sales, the stock's performance has been negatively affected by a substantial drop in investor participation, with delivery volume falling by 96.95% against the five-day average. Additionally, while the stock has shown strong long-term performance with a 66.69% increase over three years, it has underperformed in the short term, with a year-to-date return of -9.21%.
In the broader market context, the Sensex has shown a positive return of 1.59% over the past week, contrasting with Shah Metacorp's decline of 10.42% during the same period. This disparity highlights the stock's struggles relative to the overall market. Despite the company's attractive valuation and rising promoter confidence, indicated by a 3.9% increase in their stake, the long-term fundamental weaknesses, such as a low average return on capital employed and high debt to EBITDA ratio, contribute to investor caution. Consequently, these factors have led to a lack of confidence in the stock's immediate prospects, resulting in its current downward trajectory.