Why is Ashoka Metcast falling/rising?

As of 05-Jun, Ashoka Metcast Ltd is currently priced at 17.26, reflecting a slight increase of 0.07 or 0.41%. Despite this minor uptick, the stock has been underperforming, as evidenced by its performance today, which lagged behind the sector by 1.42%. The stock is trading below all key moving averages, indicating a bearish trend. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 72.69% compared to the 5-day average. Over the past year, the stock has generated a return of -17.53%, while profits have risen by 53%, suggesting a disconnect between stock performance and underlying profitability. However, the company has faced severe challenges, including an 83.52% drop in net sales and operating losses, which contribute to its weak long-term fundamental strength.
In the broader market context, Ashoka Metcast's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -3.63% against a slight decline of -0.23% for the Sensex. This underperformance is further highlighted by the stock's year-to-date return of -27.11%, contrasting sharply with the Sensex's gain of 4.23%. The overall market has been more favorable, as indicated by the BSE 500's return of 8.09% over the past year, while Ashoka Metcast has struggled significantly. The combination of technical bearishness, declining sales, and operating losses paints a concerning picture for the stock's future performance.