Why is Electrost.Cast. falling/rising?

As of 27-Jun, Electrosteel Castings Ltd is experiencing a decline in its stock price, currently at Rs 133.10, which reflects a decrease of Rs 3.7 or 2.7%. Today's price summary indicates that the stock has underperformed its sector by 3.36% and has fallen after five consecutive days of gains. The stock touched an intraday low of Rs 132.65 and traded with a weighted average price closer to this low. Over the past week, the stock has shown a return of +9.05%, but it has underperformed significantly over the past year with a return of -23.48%. While the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 21.98% and operating profit at 23.68%, it has also faced challenges, including a fall in EPS of -12.38% and negative results for the last two consecutive quarters, which have contributed to the recent price decline.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, as the Sensex has generated returns of +6.08% over the past year, while Electrosteel Castings Ltd has seen a negative return of -23.48%. This underperformance highlights the stock's struggle to keep pace with the overall market, despite high institutional holdings at 20.91%, which typically indicate a level of confidence from more sophisticated investors. The recent decline in stock price, coupled with negative financial results and a lower operating profit to interest ratio, suggests that investor sentiment may be cautious, leading to the current downward trend in the stock's price.