Why is Electrost.Cast. falling/rising?

As of 19-Aug, Electrosteel Castings Ltd's stock price is currently at 101.50, reflecting an increase of 1.5 (1.5%). The stock has been gaining for the last two days, with a total return of 2.47% during this period, and it has outperformed its sector by 0.76%. However, despite this recent uptick, the stock has experienced a significant decline over the past month, down 12.73%, and a staggering 50.37% over the past year. The company has reported a healthy long-term growth in net sales and operating profit, but it has also faced challenges, including a 35.7% decline in profits over the past year and negative results for the last three consecutive quarters, which may contribute to investor caution.
In the broader market context, the stock's short-term performance of +0.79% over the past week is notably lower than the Sensex, which has increased by 1.76% in the same timeframe. This underperformance is indicative of the stock's struggles, particularly as it has fallen significantly compared to the market's slight decline of -0.91% over the last year. The high institutional holdings at 20.71% suggest that knowledgeable investors are closely monitoring the company's fundamentals, which may influence market sentiment. Overall, while there are some positive indicators for Electrosteel Castings Ltd, the substantial declines in profitability and recent negative results are likely weighing on its stock performance.