Why is Electrost.Cast. falling/rising?

As of 22-Aug, Electrosteel Castings Ltd is experiencing a decline in its stock price, currently at Rs 103.65, reflecting a decrease of -1.85 (-1.75%). The stock has been losing value for the last two days, with a notable intraday low of Rs 102.6, which represents a drop of -2.75%. Over the past week, the stock has shown a positive return of +4.64%, but it has significantly underperformed over the longer term, with a year-to-date decline of -25.24% and a staggering -52.94% drop over the past year. The company has faced challenges, including a decrease in operating profit and negative results for the last three consecutive quarters, which have contributed to the stock's recent downward trend. Additionally, a decline in investor participation, with delivery volume falling by -31.76% against the 5-day average, indicates waning interest among investors.
In the broader market context, while the Sensex has shown a modest gain of +0.88% over the past week, Electrosteel Castings Ltd's performance remains concerning, particularly given its significant year-over-year decline compared to the market's slight positive return of +0.31%. The stock's high institutional holdings of 20.71% suggest that knowledgeable investors are closely monitoring its fundamentals, yet the company's recent financial struggles, including a -35.7% drop in profits and rising raw material costs, have overshadowed its long-term growth potential. Consequently, despite some positive indicators like healthy long-term growth in net sales and attractive valuations compared to peers, the stock's overall trajectory remains negative, leading to its current price decline.