Why is Ashoka Metcast falling/rising?

As of 19-Nov, Ashoka Metcast Ltd is experiencing a decline in its stock price, currently at 16.11, which reflects a decrease of 0.34 or 2.07%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.05% 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 trend. The delivery volume has also decreased significantly, with a drop of 48.28% compared to the 5-day average, suggesting reduced investor participation. The stock's year-to-date performance shows a substantial decline of 31.97%, contrasting sharply with the Sensex, which has gained 9.02% over the same period.
In the broader market context, Ashoka Metcast's short-term performance has been notably poor compared to the benchmark, as it has declined by 3.76% over the past week while the Sensex has increased by 0.85%. This underperformance highlights a lack of investor confidence in the stock relative to the overall market. The absence of any positive factors in the provided data further emphasizes the challenges faced by Ashoka Metcast, as there are no indications of favorable developments that could reverse its current downward trajectory.