Why is Electrost.Cast. falling/rising?

As of 11-Sep, Electrosteel Castings Ltd is currently priced at 98.18, reflecting a slight increase of 0.11 (0.11%). Despite this minor uptick, the stock has underperformed its sector by 0.37% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 0.62%, and it has experienced a significant decline of 54.09% over the past year, while its profits have fallen by 35.7%. The company has reported negative results for the last three consecutive quarters, with a notable drop in operating profit and net sales, which has contributed to a bearish sentiment among investors. However, the stock does exhibit healthy long-term growth potential, with net sales growing at an annual rate of 23.52% and a high institutional holding of 20.71%, indicating some level of confidence from larger investors.
In the broader market context, the Sensex has increased by 1.03% over the past week, contrasting sharply with Electrosteel's recent performance. The stock's year-to-date return of -29.19% also highlights its struggle compared to the benchmark, which has gained 4.36% in the same period. This underperformance is further emphasized by the stock's significant decline relative to the BSE500's negative return of -2.29% over the last year. While there is rising investor participation, as indicated by a 39.43% increase in delivery volume, the overall negative financial results and the stock's consistent underperformance against the market suggest that the recent price movement may not be sustainable without a turnaround in the company's financial health.