Why is Singer India falling/rising?

As of 10-Jul, Singer India Ltd's stock price is currently at Rs 66.99, reflecting a decrease of Rs 1.03 or 1.51%. The stock has underperformed its sector by 1.27% today, having touched an intraday low of Rs 66.16, which represents a decline of 2.73%. Over the past week, the stock has seen a significant drop of 6.02%, and its year-to-date performance shows a decline of 17.29%. Despite a notable growth in net profit of 168.21% and a strong quarterly performance, the stock has generated a negative return of 24.37% over the past year, indicating a disconnect between its financial performance and stock price. Additionally, the stock is trading below several moving averages, and there has been a marked decrease in investor participation, with delivery volume falling by 32.9% against the five-day average.
In the broader market context, the Sensex has remained relatively stable, with a slight increase of 0.97% over the past month, contrasting with Singer India's significant decline. The stock's long-term fundamentals are weak, evidenced by a -21.34% CAGR growth in operating profits over the last five years, which contributes to its underperformance compared to the market. While the company has shown improvements in profitability, the overall negative sentiment and the stock's substantial underperformance relative to the benchmark suggest that investor confidence remains low, leading to the current downward price movement.