Why is Ashoka Metcast falling/rising?

As of 05-Sep, Ashoka Metcast Ltd's stock price is currently at 16.40, reflecting a decrease of -0.11 or -0.67%. The stock has underperformed its sector by 1.2% today and has been on a downward trend, experiencing consecutive falls over the last two days with a total decline of -0.97%. In terms of returns, the stock has seen a significant drop of -30.74% year-to-date and -16.28% over the past year, while its profits have increased by 19.2%. However, the company has a weak long-term fundamental strength, evidenced by a -24.25% CAGR growth in operating profits over the last five years and low profitability indicated by a return on equity of 5.42%. Additionally, the stock is trading below all key moving averages, and there has been a notable decline in investor participation, with delivery volume falling by 56.24% against the five-day average.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of +0.06% compared to the Sensex's +1.13%. This underperformance is consistent with the stock's trend over the past year, where it has significantly declined compared to the market's overall negative return of -4.41%. The combination of weak operating results, declining investor interest, and the stock's inability to keep pace with market benchmarks suggests a challenging environment for Ashoka Metcast Ltd, contributing to its current price decline.