Why is Ashirwad Steels falling/rising?

As of 26-Aug, Ashirwad Steels & Industries Ltd is experiencing a decline in its stock price, currently at Rs 29.35, which reflects a decrease of Rs 0.15 or 0.51%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total return of -1.18%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, the stock is close to its 52-week low, being only 3.54% away from Rs 28.31. The company's long-term fundamentals are weak, highlighted by a -24.72% CAGR growth in net sales over the last five years and a poor EBIT to interest ratio of -1.17, which negatively impacts investor sentiment.
In the broader market context, Ashirwad Steels has shown a slight positive return of 0.10% over the past week, while the benchmark Sensex has declined by 1.05%. However, the stock has significantly underperformed over the longer term, with a year-to-date return of -32.34% compared to the Sensex's 3.39% gain. This underperformance is compounded by a decrease in investor participation, as evidenced by a 23.68% drop in delivery volume against the 5-day average. The company's low return on equity of 1.68% and a valuation deemed very expensive further contribute to the negative outlook, suggesting that investors are cautious about its future performance.