Why is Kalyani Steels falling/rising?

As of 17-Sep, Kalyani Steels Ltd is currently priced at 812.10, reflecting a decline of 9.25 points or 1.13%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 2.61% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a low debt-to-equity ratio and a fair valuation with a return on equity of 13.8%, the stock's performance over the past month has been disappointing, with a decline of 6.20%, while profits have increased by 10.4%. The recent flat results in net sales and a decrease in profit before tax further contribute to the stock's negative sentiment.
In the broader market context, Kalyani Steels' short-term performance has lagged behind the benchmark, with a 1-week return of +0.68% compared to the Sensex's +1.56%. This underperformance is compounded by the stock's year-to-date decline of 30.35%, contrasting sharply with the Sensex's gain of 5.83%. The rising investor participation, indicated by an increase in delivery volume, suggests some interest, but overall, the stock's liquidity remains adequate for trading. The combination of recent poor financial results and the stock's inability to keep pace with market benchmarks has led to its current downward trajectory.