Why is Singer India falling/rising?

As of 22-Jul, Singer India Ltd's stock price is currently at 66.59, reflecting an increase of 0.79, or 1.2%. Today's performance indicates that the stock has outperformed its sector by 0.8%. However, it is important to note that the stock has shown a decline of 0.70% over the past week and a significant drop of 7.90% over the past month. Despite the recent positive financial results, including a 168.21% growth in net profit and a strong increase in both profit before tax and profit after tax, the stock has still underperformed in the long term, with a return of -19.57% over the past year. The stock is trading at a discount compared to its peers, which may attract some investors, but the falling investor participation and below-average performance in the long term raise concerns.
In the broader market context, while the Sensex has shown a slight decline of 0.47% over the past week and a minimal drop of 0.27% over the past month, Singer India’s performance has been notably worse, particularly in the longer term, where it has lagged behind the benchmark indices. The stock's weak long-term fundamental strength, indicated by a -21.34% CAGR growth in operating profits over the last five years, coupled with a low return on equity, suggests challenges ahead. This underperformance relative to the broader market may contribute to investor hesitance, despite the recent uptick in price.