Why is Electrost.Cast. falling/rising?

As of 22-Jul, Electrosteel Castings Ltd is experiencing a decline in its stock price, currently at Rs 113.70, which reflects a decrease of Rs 3.3 or 2.82%. The stock has underperformed its sector by 1.58% today, touching an intraday low of Rs 113.5. Over the past week, the stock has decreased by 4.77%, and it has shown a significant decline of 41.69% over the past year, while the benchmark Sensex has increased by 2.09% in the same period. The stock's performance has been further impacted by falling investor participation, with delivery volume dropping by 42.65% against the 5-day average. Despite healthy long-term growth in net sales and operating profit, the stock's recent performance is marred by negative results over the last two quarters, including a 12.38% fall in EPS and a 10.8% decline in net sales.
Broader market context indicates that while the overall market has generated positive returns, Electrosteel Castings Ltd has significantly lagged behind, with a year-to-date return of -17.99% compared to the Sensex's gain of 5.18%. This stark contrast highlights the company's struggles, particularly in light of its recent financial results, which show a consistent decline in profitability. The high institutional holdings at 20.71% suggest that while there is some confidence in the company's long-term potential, the immediate outlook remains challenging due to the negative earnings reports and the stock's substantial underperformance relative to the broader market.