Why is Ashiana Ispat falling/rising?

As of 16-Jul, Ashiana Ispat Ltd's stock price is currently at 21.80, reflecting a decline of 0.33, or 1.49%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 7.19% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has experienced a significant decline of 52.95% over the past year, with profits plummeting by 511.2%. The company's weak fundamentals, highlighted by a lack of declared results in the last six months and a high debt-to-equity ratio, further contribute to its negative performance.
In the broader market context, Ashiana Ispat's short-term performance has been notably worse than the benchmark, with the stock showing no change over the past week while the Sensex has decreased by 1.08%. Over the past month, Ashiana Ispat has dropped by 20.47%, contrasting sharply with the Sensex's modest gain of 1.02%. This underperformance is compounded by a significant reduction in investor participation, with delivery volume falling by 30.92% against the five-day average. Overall, the combination of weak sales growth, poor profitability, and declining investor interest suggests a challenging environment for Ashiana Ispat, leading to its current downward price movement.