Why is Ashoka Metcast falling/rising?

As of 02-Sep, Ashoka Metcast Ltd's stock price is currently at 16.31, reflecting a decrease of 0.33, or 1.98%. The stock has underperformed its sector today by 1.82% and has experienced a trend reversal, falling after two consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has declined, with delivery volume dropping by 26.8% compared to the 5-day average. Over the past year, the stock has generated a return of -15.54%, significantly underperforming the market, which saw a decline of only -2.91%. Despite a rise in profits by 19.2%, the stock's weak long-term fundamentals, including a -24.25% CAGR growth in operating profits over the last five years, contribute to its negative price movement.
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 -2.39% against the Sensex's -0.78%. This underperformance is further highlighted by the stock's year-to-date decline of -31.12%, contrasting sharply with the Sensex's positive return of 2.58%. The company's low profitability, as indicated by a Return on Equity of 5.42% and a concerning reliance on non-operating income, raises red flags for investors. Overall, the combination of weak fundamentals, declining investor interest, and significant underperformance relative to the market has led to the stock's current downward trajectory.