Why is Ashnisha Indus. falling/rising?

As of 04-Aug, Ashnisha Industries Ltd is currently priced at Rs 2.97, reflecting an increase of Rs 0.02 or 0.68%. Despite this slight uptick, the stock has experienced a significant decline over the past year, with a return of -49.66%. The stock is currently trading 3.37% above its 52-week low and has underperformed its sector by 2.17%. Notably, the stock has gained after 16 consecutive days of decline, but it remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company is facing challenges, including operating losses and a weak ability to service its debt, which has contributed to its negative return on capital employed (ROCE) and a poor EBIT to interest ratio of -2.93.
In the broader market context, the Sensex has shown a positive return of 0.16% over the past week, contrasting with Ashnisha Industries' decline of -4.50% during the same period. While the steel sector has gained by 2.9%, Ashnisha Industries has struggled, reflecting its below-par performance in both the long term and near term. The company's liquidity appears sufficient for trading, but the overall sentiment remains negative due to its substantial losses and underperformance relative to the BSE500 over the last three years.