Why is Electrost.Cast. falling/rising?

As of 17-Sep, Electrosteel Castings Ltd is experiencing a slight decline in its stock price, currently at 100.16, reflecting a decrease of 0.12 (-0.12%). The stock has underperformed its sector by 0.83% today and has been on a downward trend, losing 1.06% over the last two days. Despite a positive long-term growth trajectory with net sales increasing at an annual rate of 23.52% and operating profit at 27.32%, the company has faced significant challenges. It has reported negative results for the last three consecutive quarters, with a 43.19% decline in profit after tax and a 14.9% drop in net sales compared to previous averages. The stock's year-to-date performance shows a substantial decline of 27.76%, and over the past year, it has plummeted by 53.68%, indicating a stark contrast to the broader market.
In the broader market context, while the Sensex has shown a positive return of 1.56% over the past week and 2.60% over the past month, Electrosteel Castings Ltd's performance has lagged significantly. The stock's recent returns highlight a stark underperformance compared to the benchmark, particularly over the past year where the market has only declined by 0.46%. The high institutional holdings at 20.71% suggest that informed investors are aware of the company's fundamentals, yet the persistent negative results and falling investor participation, evidenced by a 21.53% drop in delivery volume, contribute to the stock's current downward trajectory.