Why is Kalyani Steels falling/rising?

As of 12-Sep, Kalyani Steels Ltd is experiencing a decline in its stock price, currently at 808.30, which reflects a decrease of 7.4 points or 0.91%. The stock has underperformed its sector by 0.88% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Kalyani Steels has seen a negative return of 0.82%, and its performance over the last month shows a decline of 7.10%. Despite a modest annual return of 1.20%, the company has faced challenges, including flat results in its latest quarterly report, with net sales at their lowest and a significant drop in profit before tax compared to previous quarters. However, the company maintains a low debt-to-equity ratio and has shown consistent returns over the past three years, which may provide some support to its valuation.
In the broader market context, Kalyani Steels' recent performance contrasts sharply with the Sensex, which has gained 1.48% over the past week and 2.08% over the past month. The stock's year-to-date decline of 30.68% is particularly notable against the Sensex's positive return of 4.82% during the same period. While the stock has shown rising investor participation with a significant increase in delivery volume, the overall sentiment remains cautious due to its recent financial results and the fact that it is trading at a premium compared to its peers. This combination of factors contributes to the downward pressure on Kalyani Steels' stock price.