Why is Ashiana Ispat falling/rising?

As of 17-Jul, Ashiana Ispat Ltd is experiencing a decline in its stock price, currently at 21.43, reflecting a decrease of -0.37 or -1.7%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of -8.77% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of -2.59%, and over the past month, it has plummeted by -21.44%. The company has also reported a significant drop in profits, with a staggering -511.2% decrease in net sales over the last year, contributing to its weak long-term fundamentals.
In the broader market context, Ashiana Ispat's recent performance contrasts sharply with the benchmark Sensex, which has seen a slight increase of +0.83% over the past month. This underperformance is further highlighted by the stock's year-to-date return of -45.05%, compared to the Sensex's gain of +5.27%. The stock's liquidity is also concerning, with a delivery volume that has fallen by -82.68% against the 5-day average, indicating waning investor interest. The company's high debt levels and poor profitability, evidenced by a low return on equity and negative profit after tax, further exacerbate the situation, leading to a strong sell recommendation.