Why is Electrost.Cast. falling/rising?

As of 14-Aug, Electrosteel Castings Ltd is currently priced at 99.05, reflecting a decrease of 0.95, or 0.95%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 1.64%. Over the past week, the stock has decreased by 2.99%, and its performance over the last month shows a significant drop of 17.36%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 21.76% compared to the five-day average. Despite a healthy long-term growth rate in net sales and operating profit, the stock has suffered from negative results in recent quarters, including a 49.8% fall in profit after tax compared to previous averages, contributing to its recent price decline.
In the broader market context, the stock has underperformed significantly compared to the benchmark, with a one-year return of -50.49% against the Sensex's positive return of 1.89%. This stark contrast highlights the challenges faced by Electrosteel Castings Ltd, particularly as it has reported negative results for three consecutive quarters. While the company has high institutional holdings, which typically indicate a level of confidence from more knowledgeable investors, the overall negative performance and declining profitability have overshadowed these factors. The stock's liquidity remains adequate for trading, but the persistent negative trends and poor quarterly results suggest a challenging environment for recovery in the near term.