Why is Asi Industries falling/rising?

As of 14-Aug, Asi Industries Ltd is currently priced at 30.96, reflecting a decline of 0.22, or 0.71%. The stock has underperformed its sector by 0.4% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has decreased significantly, falling by 28.04% compared to the 5-day average. Over the past week, the stock has dropped by 3.85%, and over the past month, it has declined by 8.51%. Despite generating a return of 7.50% over the last year, the recent negative 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, the Sensex has remained relatively stable, with only a 0.03% decline over the past week, contrasting with Asi Industries' significant short-term losses. While the company has shown healthy long-term growth with an annual operating profit increase of 40.33% and a favorable valuation compared to its peers, the recent financial performance has raised concerns among investors. The reliance on non-operating income, which constitutes a large portion of profit before tax, further complicates the stock's outlook. Overall, the combination of disappointing quarterly results and declining investor participation has led to the stock's current downward trend.