Why is Manaksia Steels falling/rising?

As of 25-Sep, Manaksia Steels Ltd is experiencing a decline in its stock price, currently at 60.04, which reflects a decrease of 0.55 or 0.91%. The stock has underperformed its sector by 0.49% today and has been on a consecutive fall for the last two days, resulting in a total decline of 1.73% during this period. While the stock has shown a positive return of 1.76% over the past month, it has a year-to-date decline of 0.28% and a significant drop of 9.82% over the past year. The stock's performance is also characterized by lower delivery volumes, which have decreased by 45.33% compared to the five-day average, indicating falling investor participation. Despite having a low debt-to-equity ratio and positive financial results in June, the stock's recent movement reflects a lack of momentum.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 2.23% over the past week, Manaksia Steels has outperformed with a smaller decline of 0.83%. However, the stock's performance over the longer term shows a stark contrast, with a 3-year return of 59.05% compared to the Sensex's 39.69%. This suggests that while the stock has had strong historical performance, current trends indicate a struggle to maintain investor interest and confidence, particularly in the short term. The overall market context, combined with the stock's recent underperformance and declining trading volumes, contributes to the current downward price movement.