Why is Ashiana Ispat falling/rising?

As of 07-Jul, Ashiana Ispat Ltd is currently priced at 20.20, reflecting a slight increase of 0.01 (0.05%). The stock has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the delivery volume has decreased significantly by 35.88% compared to the 5-day average, suggesting a decline in investor participation. Over the past year, the stock has experienced a substantial drop of 57.52%, while its profits have plummeted by 511.2%. Despite a relatively attractive valuation with a ROCE of 6.6 and trading at a discount to peers, the company has not declared results in the last six months, contributing to concerns about its long-term fundamental strength.
In the broader market context, Ashiana Ispat's performance has been notably poor compared to the benchmark, with a 1-year return of -57.52% against a positive return of 4.31% for the Sensex. This stark contrast highlights the stock's underperformance, particularly over the last three years, where it has lagged behind the BSE500. The company's weak long-term growth, characterized by a decline in net sales and high debt levels, further exacerbates its challenges in the market. Overall, the combination of negative financial results, declining investor interest, and poor relative performance against the benchmark suggests a troubling outlook for Ashiana Ispat Ltd.