Why is Asi Industries falling/rising?

As of 24-Sep, Asi Industries Ltd is currently priced at 32.04, reflecting a decrease of 0.45, or 1.39%. The stock has underperformed its sector by 2.75% today and is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has declined by 1.72%, while it has shown a modest gain of 4.20% over the past month. However, year-to-date, the stock has significantly underperformed with a drop of 37.59%. The recent financial results have also contributed to this decline, as net sales and profit after tax have fallen sharply compared to previous quarters. Despite a healthy long-term growth rate in operating profit and an attractive valuation, the stock's negative performance over the past year, with a return of -35.95%, suggests investor concerns about its profitability and market position.
In the broader market context, while the Sensex has experienced a decline of 1.18% over the past week, Asi Industries' performance has been worse, indicating a lack of investor confidence relative to the market. The stock's liquidity is also a concern, with a significant drop in delivery volume, which has fallen by 80.62% against the five-day average. This lack of participation from investors further exacerbates the stock's downward pressure. Overall, the combination of poor recent financial results, underperformance compared to the market, and declining investor interest are key factors contributing to the stock's current downward trajectory.