Why is Beekay Steel Ind. falling/rising?

As of 23-Sep, Beekay Steel Industries Ltd is currently priced at 479.00, reflecting an increase of 1.25 (0.26%). Despite this slight uptick, the stock has underperformed its sector by 1.03% today. It opened with a gain of 2.01% and reached an intraday high of Rs 487.35. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -36.89%, with profits declining by 26%. The company has also reported negative results for the last five consecutive quarters, contributing to concerns about its long-term growth potential.
In the broader market context, Beekay Steel's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.04% compared to the Sensex's -0.34%. This underperformance is compounded by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation or business prospects. While the company has a strong ability to service debt and is trading at a discount compared to peers, the overall negative sentiment surrounding its declining profits and poor long-term growth prospects continues to weigh on its stock price.