Why is Ashirwad Steels falling/rising?

As of 24-Sep, Ashirwad Steels & Industries Ltd is experiencing a decline in its stock price, currently at 30.46, reflecting a decrease of 0.52, or 1.68%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 4.21% during this period. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. While the stock has shown a positive return of 2.56% over the past month, it has significantly underperformed on a year-to-date basis, with a decline of 29.78%. There is a notable increase in investor participation, with delivery volume rising by 93.58% compared to the 5-day average, indicating some interest despite the recent price drop.
Broader market context shows that Ashirwad Steels has underperformed the benchmark Sensex in the short term, with a 1-week return of -1.71% compared to the Sensex's -1.18%. This trend of underperformance is evident in the longer-term comparisons as well, where the stock has a year-over-year decline of 20.90% against the Sensex's -3.77%. The liquidity of the stock appears adequate for trading, as it represents 2% of the 5-day average traded value, suggesting that while the stock is liquid enough for trades, the overall market sentiment may be weighing down its price.