Why is Goyal Aluminiums falling/rising?

As of 24-Jul, Goyal Aluminiums Ltd's stock price is currently at 7.83, reflecting a decrease of 0.04 or 0.51%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 1.51%. Additionally, the stock has shown negative returns over various periods, including a 2.12% drop over the past week and a significant 23.24% decline year-to-date. Despite a recent increase in delivery volume, which rose by 83.89% against the 5-day average, the stock is trading below all its moving averages, indicating a bearish trend. The company's financials reveal poor long-term growth, with net sales and operating profit at their lowest quarterly levels, contributing to a negative sentiment around the stock.
In the broader market context, Goyal Aluminiums' short-term performance has been notably worse than the benchmark, with a 1-week return of -2.12% compared to the Sensex's slight decline of 0.09%. This underperformance is compounded by the company's low return on equity and high price-to-book value ratio, suggesting that the stock is overvalued relative to its earnings potential. The overall market has shown resilience, with the Sensex gaining 5.18% year-to-date, contrasting sharply with Goyal Aluminiums' significant losses. This disparity highlights the challenges the company faces in regaining investor confidence amidst a generally improving market environment.