Why is Kalyani Steels falling/rising?

As of 23-Sep, Kalyani Steels Ltd is currently priced at 800.00, reflecting a decline of 13.0 points or 1.6%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 3.36% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has underperformed its sector by 2.89% today. Over the past week, Kalyani Steels has seen a return of -2.60%, and year-to-date, it has declined by 31.39%. Despite a low debt-to-equity ratio and a fair valuation with a positive return on equity, the stock's recent performance has been negatively impacted by flat results in its latest quarterly report, which showed the lowest net sales and a decline in profit before tax.
Broader market context indicates that while Kalyani Steels has struggled, the benchmark Sensex has shown a slight decline of only 0.34% over the past week and a positive return of 5.07% year-to-date. This stark contrast highlights the stock's significant underperformance relative to the broader market. The recent increase in investor participation, with delivery volume rising by 243.01%, suggests some interest; however, the overall sentiment remains cautious due to the company's recent financial results and its trading position below key moving averages.