Why is Singer India falling/rising?

As of 29-Jul, Singer India Ltd's stock price is currently at Rs 66.93, reflecting a decrease of Rs 1.46 or 2.13%. The stock has been underperforming, having lost 6.93% over the last three days and is trading below its recent moving averages, except for the 100-day moving average. Additionally, the stock has seen a significant drop in investor participation, with delivery volume falling by 64.4% compared to the 5-day average. Despite a strong growth in net profit of 168.21% and a favorable PEG ratio of 0.9, the stock has underperformed the market with a year-to-date decline of 17.36% compared to a 4.09% gain in the benchmark index.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has generated a return of -23.37% over the past year, while the Sensex has only declined by 0.02%. This underperformance highlights the company's weak long-term fundamental strength, evidenced by a -21.34% CAGR growth in operating profits over the last five years. Although the company has reported positive results in terms of profit growth, the overall market sentiment and significant declines in stock price suggest that investors are cautious, leading to the current downward trend.