Why is Singer India falling/rising?

As of 07-Jul, Singer India Ltd is experiencing a decline in its stock price, currently at Rs 67.88, which represents a decrease of Rs 1.66 or 2.39%. The stock has underperformed its sector by 2.62% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 4.77%. The stock reached an intraday high of Rs 71 but also touched a low of Rs 67.5, indicating volatility. Over the past week, Singer India has seen a decline of 4.03%, and its performance over the last month shows a significant drop of 12.03%. Despite a substantial growth in net profit and sales, the stock has generated a negative return of 25.81% over the past year, reflecting weak long-term fundamentals with a -21.34% CAGR growth in operating profits.
In the broader market context, Singer India has notably underperformed compared to the Sensex, which has only declined by 0.20% over the past week. While the company reported impressive quarterly results with a net profit growth of 168.21%, the stock's performance remains weak, as indicated by its negative returns over various periods. The stock is trading at a discount compared to its peers, but the low return on equity and the significant underperformance relative to the market suggest that investor confidence is waning. Additionally, falling investor participation and liquidity issues may further contribute to the stock's downward trend.