Why is Ashirwad Steels falling/rising?

As of 18-Sep, Ashirwad Steels & Industries Ltd is experiencing a decline in its stock price, currently at 30.62, which reflects a decrease of 0.37 or 1.19%. The stock has underperformed its sector by 1.59% today and has been on a consecutive downward trend for the last four days, resulting in a total drop of 7.18% during this period. Over the past week, the stock has decreased by 1.23%, while it has shown a modest increase of 4.51% over the past month. However, the long-term outlook remains concerning, with a significant year-to-date decline of 29.41% and a one-year return of -22.66%. The company's weak fundamentals, 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, contribute to its negative performance. Additionally, the stock's low return on equity of 1.68% indicates low profitability, further impacting investor sentiment.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.80% over the past week and 2.14% over the past month. While Ashirwad Steels has shown some resilience over a three-year period with a return of 41.76%, its recent underperformance in both the short and long term suggests a lack of investor confidence. The company's flat results in June and the significant drop in profits by 14.4% over the past year further exacerbate the situation, leading to a perception of the stock as a strong sell. Overall, the combination of poor financial metrics and a declining stock price amidst a rising market creates a challenging environment for Ashirwad Steels.