Why is Ashoka Metcast falling/rising?

As of 28-Aug, Ashoka Metcast Ltd is experiencing a decline in its stock price, currently at 16.18, reflecting a decrease of 0.53 or 3.17%. The stock has been underperforming, having lost 8.59% over the last seven days and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, investor participation has significantly decreased, with delivery volume dropping by 76.09% compared to the 5-day average. The stock's year-to-date performance shows a substantial decline of 31.67%, contrasting sharply with the Sensex, which has gained 2.48% during the same period.
In the broader market context, Ashoka Metcast's short-term performance has been notably worse than the benchmark, with a 1-week return of -6.58% compared to the Sensex's -2.34%. This underperformance highlights a challenging environment for the stock, as it has consistently trailed the benchmark over various time frames, including a 1-month decline of 5.38% versus the Sensex's 1.00% drop. The lack of positive factors in the provided data further emphasizes the stock's struggles, contributing to its downward trajectory in the market.