Why is Kalyani Steels falling/rising?

As of 24-Sep, Kalyani Steels Ltd is experiencing a decline in its stock price, currently at 793.00, which reflects a decrease of 5.4 points or 0.68%. The stock has underperformed its sector by 0.55% today and has been on a downward trend for the last three days, accumulating a total loss of 4.2% in that period. Additionally, Kalyani Steels is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -9.31%, despite a 10.4% increase in profits, indicating a disconnect between stock performance and company earnings. The company maintains a low debt-to-equity ratio of 0.01, and while it has a fair valuation with a Price to Book Value of 1.8, it is trading at a premium compared to its peers.
In the broader market context, Kalyani Steels' recent performance has been weaker than the benchmark Sensex, which has seen a slight increase of 0.50% over the past month, while Kalyani Steels has dropped by 8.39% in the same timeframe. The stock's year-to-date performance is particularly concerning, with a decline of 31.99% compared to the Sensex's gain of 4.58%. This underperformance may be attributed to flat results in the most recent quarter, where net sales were at their lowest and profit before tax fell by 6.8% compared to the previous four-quarter average. Despite rising investor participation, the overall sentiment appears to be negative, contributing to the stock's decline.