Why is Goyal Aluminiums falling/rising?

As of 28-Jul, Goyal Aluminiums Ltd is experiencing a decline in its stock price, currently at 7.70, which reflects a decrease of 0.05 or 0.65%. The stock has been on a downward trend, having lost 3.14% over the past week and 5.41% over the past month. It has also fallen for four consecutive days, indicating a persistent negative momentum. Despite outperforming its sector by 0.29% today, the stock is trading below all key moving averages, which suggests a bearish outlook. Additionally, the company has shown poor long-term growth, with net sales and operating profit at their lowest quarterly levels, contributing to a negative sentiment among investors.
In the broader market context, Goyal Aluminiums has underperformed the benchmark Sensex, which has declined by only 1.59% over the past week and 3.77% over the past month. The stock's year-to-date performance is particularly concerning, with a decline of 24.51% compared to the Sensex's gain of 3.52%. This consistent underperformance against the benchmark over the last three years, coupled with a high price-to-book value ratio and a significant drop in profits, indicates a lack of investor confidence. The rising investor participation, as evidenced by an increase in delivery volume, may not be sufficient to counteract the negative factors affecting the stock's performance.