Why is Singer India falling/rising?

As of 30-Jul, Singer India Ltd's stock price is currently at 67.70, reflecting an increase of 0.77 or 1.15%. The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -4.93% compared to the Sensex's -1.50%. Additionally, the stock's delivery volume has significantly decreased by 51.12% against the 5-day average, indicating falling investor participation. While the company reported a substantial growth in net profit of 168.21% and a strong performance in key financial metrics, the stock has still faced a decline of 20.86% over the past year, suggesting a disconnect between its financial performance and market valuation.
In the broader market context, Singer India has underperformed relative to the benchmark, with a year-to-date return of -16.41% compared to the Sensex's positive return of 4.28%. This underperformance is further highlighted by the stock's negative returns over the past year, where it fell significantly more than the market average. Although the stock is trading at a discount compared to its peers and has shown positive growth in profits, the weak long-term fundamental strength and declining operating profits over the last five years contribute to a cautious outlook among investors.