Why is Aditya Ispat falling/rising?

As of 22-Sep, Aditya Ispat Ltd. is experiencing a decline in its stock price, currently at 9.26, reflecting a decrease of 0.64 or 6.46%. The stock has underperformed its sector by 6.09% today and has been on a downward trend for the last three days, accumulating a total return loss of 7.31% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company is facing significant challenges, including operating losses and a high debt-to-equity ratio of 3.32 times, which contributes to its weak long-term fundamental strength. Recent financial results show a negative profit after tax and declining net sales, further exacerbating investor concerns.
In the broader market context, Aditya Ispat's performance has been notably poor compared to the benchmark, with a 1-week return of -7.21% against a positive return of 0.46% for the Sensex. Over the past year, the stock has generated a return of -15.43%, while the benchmark has only declined by 2.82%. This consistent underperformance over the last three years highlights the stock's inability to keep pace with market trends, contributing to a lack of investor confidence. The falling delivery volume and liquidity issues further suggest that investor participation is waning, reinforcing the stock's downward trajectory.