Why is Bansal Wire Inds falling/rising?

As of 28-Aug, Bansal Wire Industries Ltd is experiencing a decline in its stock price, currently at Rs 360.10, which reflects a decrease of Rs 8.9 or 2.41%. The stock opened with a loss of 3.48% today and reached an intraday low of Rs 356.15. Over the past week, the stock has underperformed with a return of -3.96%, and it has also shown a significant decline of 12.66% over the past month. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Despite a low debt-to-equity ratio of 0.47 and a return on capital employed (ROCE) of 12.8, which suggest some attractive valuation metrics, the stock has generated a negative return of -6.37% over the past year, even as profits have risen by 89%. This inconsistency, along with a flat performance in recent quarters and poor long-term growth, contributes to the stock's downward movement.
In the broader market context, Bansal Wire Industries Ltd has underperformed against the benchmark, with the Sensex showing a decline of only 2.34% over the same week. The stock's performance has been consistently weaker than the benchmark over the last three years, which may deter investors. The recent drop in delivery volume by 33.84% against the five-day average indicates falling investor participation, further exacerbating the stock's decline. Overall, the combination of poor short-term performance, declining investor interest, and underwhelming long-term growth prospects has led to the stock's current downward trajectory.