Why is Aditya Ispat falling/rising?

As of 12-Aug, Aditya Ispat Ltd. is experiencing a decline in its stock price, currently at 9.30, reflecting a decrease of 0.39 or 4.02%. The stock has underperformed the sector today by 4.35%, and while it is higher than its 5-day moving average, it is lower than the 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a negative trend over various periods, with a 1-week return of -2.11% and a 1-month return of -5.01%. Additionally, the company has reported significant operating losses, a high debt-to-equity ratio of 3.32, and a low return on equity of 2.36%, indicating weak long-term fundamental strength. Recent financial results have also been disappointing, with a net sales figure of Rs 8.17 crore, the lowest in recent quarters, and a negative EBITDA, contributing to the stock's downward movement.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with the Sensex showing a decline of only 0.59% over the past week compared to Aditya Ispat's -2.11%. The company has consistently underperformed against the benchmark over the last three years, generating a return of -13.97% in the past year while the Sensex has gained 0.74%. This consistent underperformance, coupled with falling investor participation—evidenced by a 45.7% drop in delivery volume—suggests a lack of confidence among investors, further exacerbating the stock's decline.