Why is Electrost.Cast. falling/rising?

As of 19-Sep, Electrosteel Castings Ltd is currently priced at 100.00, reflecting a decrease of 0.75, or 0.74%. The stock has underperformed its sector today by 0.85%, despite a higher delivery volume indicating increased investor participation. Over the past week, the stock has shown a positive return of 1.94%, but it has struggled in the longer term, with a decline of 1.48% over the past month and a significant drop of 52.84% over the past year. The company has reported negative results for the last three consecutive quarters, with a notable decrease in operating profit and net sales, which has contributed to its poor performance. While the stock is trading at a discount compared to its peers and has shown healthy long-term growth in net sales and operating profit, the recent financial results have raised concerns among investors.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with the Sensex showing a return of -0.67% over the past year compared to Electrosteel's -52.84%. This stark contrast highlights the company's struggles relative to the overall market, where it has underperformed significantly. The high institutional holdings suggest that there is some confidence in the company's long-term potential, but the recent financial downturn and negative quarterly results have overshadowed this optimism, leading to a decline in stock price.