Why is Ashirwad Steels falling/rising?

As of 01-Sep, Ashirwad Steels & Industries Ltd is experiencing a decline in its stock price, currently at Rs 29.44, reflecting a decrease of 0.14 or 0.47%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 3.84% above Rs 28.31. The company has underperformed its sector by 1.68% today, and there has been a significant drop in investor participation, with delivery volume falling by 50.23% compared to the 5-day average. Over the past year, the stock has generated a return of -28.18%, while its profits have decreased by 14.4%. The company's weak long-term fundamentals, characterized by a -24.72% CAGR growth in net sales over the last five years and a poor EBIT to Interest ratio of -1.17, further contribute to its declining performance.
In the broader market context, Ashirwad Steels has underperformed the benchmark Sensex, which has seen a decline of 1.56% over the past week, while the stock itself has decreased by 0.20%. This trend of underperformance is consistent over longer periods, with the stock down 3.92% over the last month compared to a slight drop of 0.29% for the benchmark. The company's low return on equity of 1.68% signifies low profitability, and its valuation appears expensive with a price-to-book value of 0.4. Overall, the combination of weak financial performance, declining investor interest, and poor market sentiment has led to the stock's continued decline.