Why is Bajaj Steel Inds falling/rising?

As of 22-Aug, Bajaj Steel Industries Ltd is experiencing a decline in its stock price, currently at Rs. 481.60, which represents a decrease of Rs. 24.4 or 4.82%. The stock has hit a new 52-week low of Rs. 469.95 today and has underperformed its sector by 2.94%. Over the past week, the stock has fallen by 3.68%, and it has seen a significant decline of 25.99% over the past month. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The company has also reported a drop in delivery volume, which has decreased by 29.06% against the 5-day average, suggesting a lack of investor interest. Despite having a low debt-to-equity ratio and an attractive return on equity, the stock's performance has been negatively impacted by a 12.8% fall in profits over the past year and consecutive negative results in the last two quarters.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting with Bajaj Steel's decline. This underperformance relative to the benchmark indicates that the stock is not only struggling in its sector but also failing to keep pace with the overall market. The company's long-term growth prospects appear poor, with net sales declining by 23.74% and an interest coverage ratio at its lowest. Furthermore, the lack of investment from domestic mutual funds, which hold 0% of the company, may reflect a broader lack of confidence in Bajaj Steel's future performance.