Why is Inducto Steel falling/rising?

As of 16-Jul, Inducto Steel Ltd's stock price is currently at Rs 70.59, reflecting a decline of -1.44 (-2.0%). The stock has been on a downward trend, having fallen for the last eight consecutive days, resulting in a total return of -10.13% over this period. It opened with a loss of 2% today and reached an intraday low of Rs 70.59. The stock has underperformed its sector by -2.13% today and has shown negative returns of -34.24% over the past year, significantly lagging behind the benchmark Sensex, which has gained 2.38% in the same timeframe. The company's weak long-term fundamentals, highlighted by a -36.99% CAGR growth in operating profits over the last five years and a negative EBITDA, contribute to the stock's struggles. Additionally, 43.28% of promoter shares are pledged, which adds further downward pressure in a falling market. In the broader market context, while the Sensex has shown resilience with a 1.02% gain over the past month, Inducto Steel's stock has declined by -3.30% in the same period. This stark contrast underscores the stock's underperformance relative to the market. The company's ability to service its debt is also concerning, with a poor EBIT to Interest ratio of 0.38, indicating financial strain. Despite some positive recent results, such as a 71.66% growth in net sales over the last six months, the overall sentiment remains negative due to the significant drop in profitability and weak return on equity, which further diminishes investor confidence.