Why is Singer India falling/rising?

As of 16-Jul, Singer India Ltd's stock price is currently at 66.65, reflecting a decrease of 0.41, or 0.61%. The stock has recently underperformed its sector by 0.52% and has experienced a trend reversal, falling after three consecutive days of gains. Additionally, the stock's performance over the past week shows a decline of 2.01%, while it has dropped 9.88% over the last month and 17.71% year-to-date. Despite a significant growth in net profit of 168.21% and positive quarterly results, the stock's long-term fundamental strength is weak, evidenced by a -21.34% CAGR growth in operating profits over the last five years. This has contributed to the stock's negative return of -23.62% over the past year, despite an increase in profits of 64.2%.
In the broader market context, the Sensex has shown a slight increase of 1.02% over the past month and a 5.75% gain year-to-date, indicating that Singer India is lagging behind the market. The stock's recent performance contrasts sharply with the benchmark, which has generated a return of 0.47% over the last year. The decline in investor participation, with a 20.82% drop in delivery volume against the five-day average, further highlights the lack of confidence among investors. Overall, while the company has shown some positive financial results, the combination of weak long-term fundamentals and underperformance relative to the market has led to the stock's current downward trend.