Why is Singer India falling/rising?

As of 11-Jul, Singer India Ltd's stock price is currently flat at 66.99, with no change in percentage terms (0.00%). The stock has underperformed its sector by 0.74% today, and its delivery volume has significantly decreased by 64.97% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 3.67%, and it has seen a substantial drop of 12.35% over the past month. Despite a notable growth in net profit of 168.21% and a strong quarterly performance, the stock has generated a negative return of 23.65% over the past year, reflecting weak long-term fundamental strength with a -21.34% CAGR growth in operating profits over the last five years.
In the broader market context, the Sensex has only declined by 1.12% over the past week and has remained nearly flat over the past month, contrasting sharply with Singer India's performance. While the company has shown impressive profit growth, its overall returns have lagged behind the market, which has generated a return of 0.52% in the last year. The stock's valuation appears fair with a Price to Book Value of 2.8, but it trades at a discount compared to peers. This combination of underperformance relative to the market and declining investor interest suggests that the stock may face continued challenges in gaining traction among investors.