Why is Asi Industries falling/rising?

As of 31-Jul, Asi Industries Ltd is currently priced at 31.84, reflecting a decline of 0.51, or 1.58%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 2.3%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased significantly, falling by 42.66% compared to the 5-day average, which suggests a lack of investor interest. Despite a healthy long-term growth rate in operating profit of 40.33% and an attractive valuation with a Price to Book Value of 0.8, recent negative financial results, including a 23.8% drop in net sales and a 36.5% decline in profit after tax, have contributed to the stock's downward movement.
In the broader market context, Asi Industries' performance has been notably weaker than the benchmark Sensex, with a 1-week return of -3.57% compared to the Sensex's -1.22%. Over the past month, the stock has declined by 9.03%, while the Sensex has only fallen by 3.00%. This stark contrast highlights the stock's struggles in a generally challenging market environment. Although the company has shown some resilience over the past year with a return of 2.68%, the recent financial setbacks and declining investor participation have overshadowed its long-term growth potential, leading to its current price decline.