Why is Electrost.Cast. falling/rising?

As of 03-Jul, Electrosteel Castings Ltd's stock price is currently at Rs 131.00, reflecting an increase of Rs 4.05 or 3.19%. The stock has shown a trend reversal by gaining after four consecutive days of decline, outperforming its sector by 3.36%. Despite this recent uptick, the stock has experienced a 4.24% decline over the past week and a significant 29.51% drop over the past year. Positive factors contributing to the stock's recent movement include healthy long-term growth with net sales increasing at an annual rate of 21.98% and operating profit at 23.68%. However, the company has faced challenges, such as a fall in earnings per share (EPS) by 12.38% and negative results for the last two consecutive quarters, which may dampen investor sentiment.
Broader Market Context: In the short term, the stock has underperformed the benchmark Sensex, which has only declined by 0.62% over the past week, while Electrosteel Castings Ltd has seen a more substantial drop. Despite the stock's recent positive movement, it has still underperformed the market over the last year, where the BSE500 has generated returns of 2.20%. The high institutional holdings at 20.91% indicate that more sophisticated investors are involved, which may provide some stability, but the overall negative performance and declining investor participation suggest caution in the market.