Why is Manaksia Steels falling/rising?

As of 05-Jun, Manaksia Steels Ltd is experiencing a decline in its stock price, currently at Rs 60.00, reflecting a decrease of 1.0 (-1.64%). The stock has underperformed its sector today by 2.29% and has been on a downward trend for the last four days, accumulating a total decline of 6.25% during this period. Additionally, the stock touched an intraday low of Rs 58.81, indicating significant selling pressure. The company has shown weak long-term fundamental strength, with a -2.66% CAGR growth in operating profits over the last five years and a return on equity averaging 8.49%, suggesting low profitability. Furthermore, the recent financial results have been disappointing, with a PAT decline of 22.02% and a low return on capital employed of 4.29%, contributing to a bearish sentiment among investors.
In the broader market context, the stock's performance over the past week has been notably poor, with a decline of 4.76%, while the benchmark Sensex has only decreased by 0.23%. Over the past month, Manaksia Steels has fallen by 7.19%, contrasting with the Sensex's gain of 0.80%. This stark difference highlights the stock's underperformance relative to the market. The falling investor participation, with a significant drop in delivery volume, further indicates a lack of confidence among traders. Overall, the combination of weak financial fundamentals, negative technical indicators, and poor relative performance against the benchmark suggests that the stock is facing considerable challenges, leading to its current decline.