Why is Bajaj Steel Inds falling/rising?

As of 24-Oct, Bajaj Steel Industries Ltd is experiencing a decline in its stock price, currently at 546.00, which reflects a decrease of 7.85 (-1.42%). The stock has been on a downward trend, losing value for the last three days and accumulating a total return of -8.54% during this period. In terms of performance against benchmarks, the stock has underperformed significantly, with a one-week return of -2.56% compared to a slight gain of +0.31% for the Sensex. Additionally, the stock's year-to-date performance shows a substantial drop of -35.50%, while the Sensex has risen by +7.77%. The company has reported a low delivery volume, which has fallen by 51.04% against the five-day average, indicating a decrease in investor participation.
Broader market context shows that while the overall market has generated positive returns, Bajaj Steel Industries has consistently underperformed, particularly over the past year where it has seen a decline of -26.57% against the BSE500's gain of 3.49%. The company's financial health is concerning, with negative results reported for the last two consecutive quarters and a significant drop in net sales. Despite having a low debt-to-equity ratio and an attractive valuation, the stock's poor long-term growth prospects and lack of domestic mutual fund interest suggest that investors are wary of its future performance. This combination of factors contributes to the stock's current downward trajectory.