Why is Bajaj Steel Inds falling/rising?

As of 25-Jul, Bajaj Steel Industries Ltd is experiencing a decline in its stock price, currently at Rs 584.15, which reflects a decrease of Rs 19.0 or 3.15%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 10.95% during this period. Additionally, it is trading below all its moving averages, indicating a bearish trend. The stock has also underperformed its sector by 1.02% today. Despite a strong performance over the past year with a return of 33.52%, the company has faced negative results recently, including a significant drop in profit after tax and low net sales, which may contribute to the current downward pressure on the stock.
In the broader market context, Bajaj Steel Industries Ltd's short-term performance has been notably worse than the benchmark, with a 10.41% decline over the past week compared to a mere 0.36% drop in the Sensex. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, the textile machinery sector, to which the company belongs, has also seen a decline of 2.13%, reflecting broader challenges within the industry. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's valuation, further exacerbating its price decline.