Why is Electrost.Cast. falling/rising?

As of 28-Jul, Electrosteel Castings Ltd is experiencing a decline in its stock price, currently at Rs 110.60, which reflects a decrease of Rs 5.1 or 4.41%. The stock has underperformed its sector by 2.83% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.11%. Over the past week, the stock has decreased by 5.47%, and in the last month, it has fallen by 16.90%. The company has reported negative results for the last two consecutive quarters, with a significant drop in net sales and operating profit, contributing to a year-to-date decline of 20.23%. Additionally, the stock's earnings per share (EPS) fell by 12.38%, and its profits decreased by 4.1% over the past year, leading to a substantial annual return of -47.32%.
In the broader market context, the stock's performance has been notably worse than the benchmark, with the Sensex only declining by 1.59% over the past week and 3.77% over the past month. This stark contrast highlights the stock's struggle, as it has underperformed the market significantly, even as the broader market has shown resilience. The company’s high institutional holdings of 20.71% indicate that knowledgeable investors are also concerned about the stock's fundamentals, which may further contribute to the declining price. Overall, the combination of poor financial results, falling investor participation, and a lack of positive momentum in comparison to the market has led to the stock's recent downward trajectory.