Why is Bajaj Steel Inds falling/rising?

As of 19-Sep, Bajaj Steel Industries Ltd is experiencing a decline in its stock price, currently at Rs 559.90, which reflects a decrease of Rs 31.1 or 5.26%. The stock has underperformed its sector by 4.04% today and has been on a consecutive downward trend for the last two days, resulting in a total fall of 5.77%. The stock touched an intraday low of Rs 553.25, indicating significant selling pressure. Over the past week, the stock has shown a positive return of 6.83%, but it remains down 33.86% year-to-date. The company's recent performance has been negatively impacted by a decline in net sales and profits, with a reported drop of 23.74% in net sales and a 51.6% fall in profit after tax in the last quarter. Additionally, the lack of domestic mutual fund investment may signal a lack of confidence in the stock's future performance.
In the broader market context, while the Sensex has shown a modest gain of 0.88% over the past week, Bajaj Steel Industries Ltd's recent performance has been significantly weaker, indicating a divergence from the overall market trend. The stock's long-term growth prospects appear poor, with a low debt-to-equity ratio and declining sales, which have contributed to its underperformance relative to the benchmark. Despite a strong historical return over three and five years, the recent negative results and falling investor participation suggest that the stock is struggling to attract interest, further exacerbating its decline in value compared to the broader market.