Why is Ashirwad Steels falling/rising?

As of 28-Aug, Ashirwad Steels & Industries Ltd is experiencing a decline in its stock price, currently at Rs. 29.16, which reflects a decrease of -0.19 or -0.65%. The stock has hit a new 52-week low of Rs. 28.31 today and has been on a downward trend, losing -1.82% over the past week and -8.85% over the past month. The stock is trading below all key moving averages, indicating persistent weakness. Additionally, there has been a significant drop in investor participation, with delivery volume falling by -40.91% compared to the 5-day average. The company's long-term fundamentals are weak, 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, which suggests difficulties in servicing debt.
In the broader market context, Ashirwad Steels has underperformed relative to the benchmark, with a -1.82% return over the past week compared to the Sensex's -2.34%. This indicates that while the stock is declining, it is doing so at a slightly better rate than the overall market. The company's return on equity is low at 1.68%, and it has generated a -29.31% return over the past year, which is significantly worse than the Sensex's -2.08% over the same period. The stock's valuation appears expensive given its performance metrics, contributing to its negative sentiment among investors and further exacerbating its price decline.