Why is Electrost.Cast. falling/rising?

As of 22-Sep, Electrosteel Castings Ltd is experiencing a decline in its stock price, currently at 98.50, reflecting a decrease of 1.59 (-1.59%). The stock has underperformed its sector by 0.69% today and has been on a downward trend for the last two days, accumulating a total return loss of 2.23%. Over the past week, the stock has decreased by 2.70%, and its year-to-date performance shows a significant decline of 28.96%. Despite a long-term growth potential indicated by a 23.52% annual increase in net sales and a healthy operating profit growth of 27.32%, the stock has faced negative results in recent quarters, with profits falling by 35.7%. The company has reported negative results for three consecutive quarters, contributing to a substantial year-over-year decline of 55.22% in stock returns.
In the broader market context, the Sensex has shown a slight increase of 0.46% over the past week, contrasting with Electrosteel's negative performance. While the market has generated negative returns of 3.80% over the last year, Electrosteel's decline has been significantly steeper, indicating that investor sentiment towards the stock is weak. The stock's current trading levels are below all major moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 15.99% against the five-day average. This combination of poor recent performance, negative financial results, and declining investor interest suggests a challenging environment for Electrosteel Castings Ltd, leading to its current price decline.