Why is Ashirwad Steels falling/rising?

As of 16-Sep, Ashirwad Steels & Industries Ltd is experiencing a decline in its stock price, currently at Rs 31.80, reflecting a decrease of -1.09 or -3.31%. The stock has been underperforming recently, having fallen consecutively for the last two days, with a total drop of -3.61% during this period. It opened the day with a loss of -2.01% and reached an intraday low of Rs 31.80. Despite a positive performance over the past week and month, with returns of +2.25% and +8.27% respectively, the stock has shown a significant year-to-date decline of -26.69%. The company's weak long-term fundamentals, including a -24.72% CAGR growth in net sales over the last five years and a poor EBIT to interest ratio of -1.17, contribute to its current struggles. Additionally, the stock's low return on equity of 1.68% indicates low profitability, further impacting investor sentiment.
In the broader market context, while the Sensex has shown a positive return of +1.58% over the past week, Ashirwad Steels has underperformed against this benchmark. The stock's recent performance is concerning, especially given its -20.20% return over the past year, which contrasts sharply with the Sensex's slight decline of -0.73% during the same period. This underperformance is compounded by the company's flat results in June and a significant drop in profits by -14.4%, leading to a perception of it being a strong sell. The rising investor participation, indicated by a 53.41% increase in delivery volume, suggests some interest, but the overall negative factors overshadow this potential positive momentum.