Why is Ashirwad Steels falling/rising?

As of 13-Aug, Ashirwad Steels & Industries Ltd is experiencing a decline in its stock price, currently at 30.00, which reflects a decrease of 0.2 or 0.66%. The stock has underperformed its sector today by 1.23%, and it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has fallen by 3.66%, and it has shown a significant decline of 30.84% year-to-date. The company has a weak long-term fundamental strength, evidenced by a -24.72% CAGR growth in net sales over the last five years and a poor EBIT to interest ratio of -1.17, indicating challenges in servicing its debt. Additionally, the stock's return on equity is low at 1.68%, suggesting limited profitability, which has contributed to its recent price movement.
In the broader market context, while the Sensex has remained relatively stable with a slight decline of 0.01% over the past week, Ashirwad Steels has significantly underperformed, with a year-over-year return of -21.14% compared to the market's -0.64%. This stark contrast highlights the company's struggles relative to the overall market performance. Despite a rise in investor participation, with delivery volume increasing by 186.69% against the 5-day average, the stock's liquidity remains adequate for trading. However, the combination of weak financial fundamentals and poor performance metrics has led to a negative sentiment surrounding the stock, reinforcing its status as a strong sell.