Why is Indian Metals falling/rising?

As of 04-Jul, Indian Metals & Ferro Alloys Ltd is experiencing a decline in its stock price, currently at 777.00, reflecting a decrease of 2.4 points or 0.31%. The stock has underperformed its sector today, with a consecutive fall over the last three days resulting in a total decline of 2.63%. Despite a positive performance over the past month with a return of 13.43%, the stock has faced challenges, including a significant drop in net sales of 11.83% and negative results in the last two quarters. Additionally, the company's low delivery volume, which has decreased by 50.54% against the five-day average, indicates falling investor participation. While the company has a strong ability to service debt and healthy long-term growth, these positive factors are currently overshadowed by recent negative financial results.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 1.17% over the past week while the Sensex has declined by 0.74%. However, the year-to-date performance shows that the stock is down 9.04%, compared to a 6.77% increase in the Sensex. This underperformance may be contributing to the cautious sentiment among investors, particularly given the low stake held by domestic mutual funds, which suggests a lack of confidence in the stock's current valuation. Overall, the combination of declining sales, negative quarterly results, and reduced investor engagement has led to the stock's recent downward movement.