Why is Indian Metals falling/rising?

As of 08-Jul, Indian Metals & Ferro Alloys Ltd is experiencing a decline in its stock price, currently at Rs 783.70, which reflects a decrease of 2.35 (-0.3%). The stock's performance today is in line with the sector, having touched an intraday high of Rs 803 earlier in the day. However, the stock has shown a negative return of -1.79% over the past week, while it has performed positively over the last month with a return of +5.92%. Despite a strong long-term growth outlook indicated by an annual operating profit growth rate of 88.57% and a return on equity of 16.1, the company has faced challenges, including a significant drop in net sales of -11.83% and consecutive negative quarterly results, which have negatively impacted investor sentiment.
In the broader market context, the Sensex has shown a slight increase of +0.02% over the past week, contrasting with the stock's recent decline. While the stock has outperformed the benchmark over the past year with a return of +6.31% compared to the Sensex's +4.69%, the recent negative financial results and a decrease in investor participation, as evidenced by a 64.13% drop in delivery volume, may be contributing to the stock's downward movement. Additionally, the low stake held by domestic mutual funds, at only 1.78%, suggests a lack of confidence in the stock's current valuation, further influencing its price decline.