Why is Electrost.Cast. falling/rising?

As of 31-Jul, Electrosteel Castings Ltd is experiencing a decline in its stock price, currently at Rs 110.90, which represents a decrease of Rs 2.75 or 2.42%. The stock has underperformed its sector by 0.47% today and has been on a consecutive downward trend for the last two days, with a total decline of 3.14%. It opened the day with a loss of 2.68% and reached an intraday low of Rs 110.1. Over the past week, the stock has fallen by 5.86%, and in the last month, it has decreased by 13.80%. Despite a healthy long-term growth in net sales and operating profit, the stock has faced significant challenges, including a 48.86% decline over the past year, alongside negative results in the last two quarters, which have contributed to a fall in earnings per share by 12.38%.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the BSE500, which recorded a negative return of 3.20% over the past year. The castings and forgings sector has also seen a decline of 2.36%, indicating a challenging environment for the industry. Additionally, falling investor participation, with a significant drop in delivery volume, suggests reduced confidence among investors. While the stock is trading at a discount compared to its peers and has high institutional holdings, the overall negative sentiment and recent poor financial results have overshadowed these positive aspects, leading to the stock's current downward trajectory.