Why is Maithan Alloys falling/rising?

As of 18-Nov, Maithan Alloys Ltd. is experiencing a decline in its stock price, currently at Rs 990.00, which represents a decrease of Rs 36.3 or 3.54%. The stock has been underperforming, having lost 11.4% over the last four days, and it has consistently traded below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's performance over the past year shows a return of -9.56%, while profits have significantly decreased by 46.2%. The company has also reported very negative results, including a substantial fall in net sales and a PAT that has dropped dramatically compared to previous quarters. Furthermore, the low participation from domestic mutual funds, holding 0% of the company, suggests a lack of confidence in the stock's valuation.
In the broader market context, Maithan Alloys has underperformed against the benchmark Sensex, which has shown a positive return of 0.96% over the past week, while the stock itself has declined by 10.51%. This trend of underperformance is consistent over multiple periods, including the last three years, where the stock has consistently lagged behind the BSE500. The overall sector, Ferro & Silica Manganese, has also seen a decline of 2.68%, indicating a challenging environment that may be contributing to the stock's downward trajectory.