Why is Electrost.Cast. falling/rising?

As of 04-Aug, Electrosteel Castings Ltd's stock is currently priced at 110.30, reflecting an increase of 1.8 or 1.66%. Today's price movement indicates a trend reversal, as the stock has gained after three consecutive days of decline. It opened with a significant loss of 4.42% but reached an intraday high of Rs 111.3, showcasing some recovery. Despite this, the stock has underperformed over the past month with a return of -12.39% compared to the Sensex's -2.89%. The company has shown healthy long-term growth with net sales increasing at an annual rate of 21.98% and operating profit at 23.68%. However, it has faced challenges, including a fall in EPS of -12.38% and negative results for the last two consecutive quarters, which have contributed to a substantial decline of -48.73% over the past year.
Broader Market Context: In the short term, Electrosteel Castings Ltd's performance has been weaker than the benchmark, as evidenced by its -0.27% return over the past week compared to the Sensex's +0.16%. While the stock has high institutional holdings at 20.71%, indicating some confidence from larger investors, the overall market context remains challenging due to the company's recent financial struggles and significant underperformance relative to the broader market, which has generated negative returns of -2.34% over the last year.