Why is Ashoka Metcast falling/rising?

As of 08-Sep, Ashoka Metcast Ltd's stock price is currently at 16.37, reflecting a decrease of -0.03 or -0.18%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of -1.15% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The stock has underperformed significantly compared to the benchmark, with a one-week return of -1.62% against the Sensex's +0.53% and a year-to-date return of -30.87% compared to the Sensex's +3.39%. Despite a very attractive valuation indicated by a low PEG ratio of 0.3 and a return on capital employed (ROCE) of 2.5, the company has faced challenges, including a substantial decline in net sales and profit after tax over the last six months, which has contributed to the stock's negative performance.
In the broader market context, while the Sensex has shown positive movement, Ashoka Metcast has lagged behind, with a one-year return of -17.94% compared to the market's slight decline of -0.49%. This underperformance highlights the company's weak long-term fundamental strength, as evidenced by a -24.25% compound annual growth rate (CAGR) in operating profits over the past five years and a low average return on equity of 5.42%. The recent drop in investor participation, with delivery volume decreasing by -40.37% against the five-day average, further suggests a lack of confidence among investors, contributing to the stock's current downward trajectory.