Why is Singer India falling/rising?

As of 28-Jul, Singer India Ltd's stock price is currently at Rs 68.39, reflecting a decline of -2.51 (-3.54%). The stock has been underperforming, having fallen for the last two days with a total drop of -4.9% during this period. Today's trading saw the stock reach an intraday low of Rs 68.1, and it has been trading below several key moving averages, indicating weakness. Additionally, the delivery volume has decreased significantly, down by -30.95% compared to the 5-day average, suggesting a decline in investor participation. Despite a notable growth in net profit and sales, the stock has underperformed the market, with a one-year return of -20.28%, significantly worse than the broader market's negative return of -2.52%.
In the broader market context, while the Sensex has shown a slight decline of -1.59% over the past week, Singer India has managed a positive return of +3.94% in the same timeframe, indicating some short-term resilience. However, the long-term outlook appears weak, with a -21.34% CAGR growth in operating profits over the last five years and a low return on equity of 8.26%. This combination of weak long-term fundamentals and recent underperformance relative to the market suggests that investors may be cautious, contributing to the stock's current downward trend.