Why is Kalyani Steels falling/rising?

As of 07-Nov, Kalyani Steels Ltd is currently priced at 805.40, reflecting a decline of 0.95 points or 0.12%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 8.88%. It is trading below its moving averages across various timeframes, indicating a bearish trend. In the past week, the stock has decreased by 6.78%, while it has shown a modest increase of 2.03% over the past month. Despite a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 0.2, the stock's performance has been hindered by poor long-term growth, as evidenced by a flat net sales report and a low debtors turnover ratio.
Broader market context shows that Kalyani Steels has significantly underperformed the benchmark Sensex, which has gained 1.57% over the past month while Kalyani has only increased by 2.03%. The stock's year-to-date performance is particularly concerning, with a decline of 30.93% compared to the Sensex's 6.50% gain. This stark contrast highlights the challenges faced by Kalyani Steels in attracting investor confidence, despite rising participation in trading volumes. The combination of declining sales and a high PEG ratio of 3 suggests that investors may be cautious about the company's future growth prospects, contributing to the stock's recent downward movement.