Why is Electrost.Cast. falling/rising?

As of 29-Jul, Electrosteel Castings Ltd is experiencing a price increase, with its current price at Rs 114.50, reflecting a rise of Rs 3.9 or 3.53%. Today's performance indicates that the stock has outperformed its sector by 2.14% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 115.25. However, despite this short-term gain, the stock has faced significant challenges, with a year-to-date decline of 17.42% and a staggering 45.45% drop over the past year. The company has reported negative results in recent quarters, including a 12.38% fall in EPS and a 10.8% decrease in net sales, which has contributed to a lack of investor confidence.
Broader market context shows that while Electrosteel Castings Ltd has gained 0.70% over the past week, the benchmark Sensex has declined by 1.03%, indicating relative strength in the stock's recent performance. However, the stock's long-term performance remains concerning, as it has underperformed the market significantly over the past year, with a return of -45.45% compared to the Sensex's -0.02%. The high institutional holdings of 20.71% suggest that knowledgeable investors are still interested in the stock, but the overall negative results and falling investor participation indicate a cautious outlook moving forward.