Why is Creative Casting falling/rising?

As of 28-Jul, Creative Castings Ltd is experiencing a decline in its stock price, currently at Rs 583.05, which reflects a decrease of Rs 43.95 or 7.01%. The stock has underperformed its sector by 5.43% today and has been on a downward trend for the last three days, accumulating a total loss of 11.65%. It opened significantly lower today, down 7.74%, and reached an intraday low of Rs 578.5. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 77.55% compared to the 5-day average. Over the past year, the stock has generated a return of -33.36%, significantly underperforming the benchmark Sensex, which has seen a decline of only 0.54%.
In the broader market context, Creative Castings Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of -9.99% compared to the Sensex's -1.59%. The company's fundamentals are weak, as evidenced by negative results for the last three consecutive quarters and a significant drop in profits by 30.9%. The stock is trading at a premium relative to its peers, despite its fair valuation indicated by a Price to Book Value of 1.8. The long-term growth in operating profits has been modest at 10.31% CAGR over the last five years, which does not support the current stock price amidst declining sales and profitability. Overall, these factors contribute to the stock's recent downward movement and suggest a lack of confidence among investors.