Why is Manaksia Steels falling/rising?

As of 23-Jun, Manaksia Steels Ltd is experiencing a decline in its stock price, currently at Rs 57.51, which represents a decrease of Rs 1.39 or 2.36%. The stock opened lower today, with a gap down of 2.94%, and reached an intraday low of Rs 57.17. Over the past week, the stock has underperformed the sector by 2.55%, and its performance over the last month shows a decline of 5.74%. Despite a significant increase in delivery volume, which rose by 73.18% against the 5-day average, the stock's long-term fundamentals appear weak, with a -2.66% CAGR growth in operating profits over the last five years and a low return on equity of 8.49%. Additionally, the company's profits have fallen by 64.4% over the past year, contributing to its current valuation concerns.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight increase of 0.12% over the past week. While Manaksia Steels has generated a return of 4.66% over the past year, this is overshadowed by its declining profitability and the stock's premium valuation compared to peers. The overall market sentiment appears to favor stocks with stronger fundamentals, which may explain the downward pressure on Manaksia Steels' stock price amidst its current financial challenges.