Why is Ashirwad Steels falling/rising?

As of 22-Sep, Ashirwad Steels & Industries Ltd is experiencing a decline in its stock price, currently at Rs 30.70, reflecting a decrease of Rs 1.1 or 3.46%. The stock has underperformed its sector by 3.09% today, reaching an intraday low of Rs 30.46, which is a drop of 4.21%. Over the past week, the stock has seen a significant decline of 6.66%, while its performance over the last month shows a modest increase of 3.37%. However, the year-to-date return is notably poor at -29.23%. The company has weak long-term fundamentals, evidenced by a -24.72% CAGR growth in net sales over the last five years and an average return on equity of only 1.68%, indicating low profitability. Additionally, the stock's valuation appears expensive with a price-to-book value of 0.5, and its ability to service debt is weak, as shown by a poor EBIT to interest ratio of -1.17.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 0.46% over the past week and 1.05% over the past month. This underperformance is further highlighted by the stock's negative returns over one year (-21.66%) and three years, where it has lagged behind the BSE500 index. The falling investor participation, with a 25.47% decrease in delivery volume, also signals a lack of confidence among investors. Overall, the combination of weak financial fundamentals, poor recent performance, and declining investor interest contributes to the stock's downward trajectory.