Why is Electrost.Cast. falling/rising?

As of 24-Sep, Electrosteel Castings Ltd is experiencing a decline in its stock price, currently at 97.70, which reflects a decrease of 0.49 or 0.5%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 3.03% during this period. Over the past week, the stock has underperformed with a return of -2.46%, while its performance over the last month shows a significant drop of 5.74%. Additionally, the company has reported negative results for the last three consecutive quarters, with a notable decrease in profits and net sales. Despite a healthy long-term growth rate in net sales and operating profit, the stock's recent performance has been adversely affected by a substantial year-to-date decline of 29.53% and a staggering 54.86% drop over the past year.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight increase of 0.50% over the past month and a decline of only 3.77% over the last year. This indicates that Electrosteel Castings Ltd has significantly underperformed the benchmark, which has generated negative returns of -5.32% in the last year, compared to the stock's drastic fall. The stock's liquidity is also a concern, as evidenced by a 39.82% drop in delivery volume against the five-day average, suggesting a decrease in investor participation. The high institutional holdings at 20.71% may provide some stability, but the overall negative sentiment surrounding the company's financial results continues to weigh heavily on its stock price.