Why is Kalyani Steels falling/rising?

As of 10-Sep, Kalyani Steels Ltd is currently priced at 806.60, reflecting a decrease of 1.5, or 0.19%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 5.07% over that period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although the company has a low debt-to-equity ratio and a fair valuation with a return on equity of 13.8%, the recent flat results in net sales and a decline in profit before tax have negatively impacted investor sentiment. Furthermore, while the stock generated a modest return of 5.30% over the past year, it is trading at a premium compared to its peers, which may deter some investors.
In the broader market context, Kalyani Steels' short-term performance has significantly lagged behind the benchmark Sensex, which has gained 1.06% over the past week and 1.96% over the past month. The stock's year-to-date decline of 30.82% contrasts sharply with the Sensex's positive return of 4.21% in the same timeframe. This underperformance, coupled with the recent flat quarterly results, has likely contributed to a lack of confidence among investors, despite rising delivery volumes indicating some level of interest. Overall, the combination of negative financial results and a bearish trend in stock performance has led to the current decline in Kalyani Steels' stock price.