Why is National Standar falling/rising?

As of 26-Jun, National Standard (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,598.00, which reflects a decrease of Rs 18.6 or 0.71%. The stock has been underperforming, with a consecutive fall over the last three days resulting in a total drop of 4.21%. It is currently trading close to its 52-week low, just 3% away from Rs 2,520.1. Despite opening with a gain of 2.73% today and reaching an intraday high of Rs 2,688, the overall trend remains negative, as evidenced by its performance over the past week and month, with returns of -5.53% and -18.66%, respectively. The company's low Return on Equity (ROE) of 6.09% and a significant reliance on non-operating income further highlight its poor management efficiency and profitability challenges.
In the broader market context, National Standard's performance has been significantly lagging behind the benchmark, with a year-to-date return of -40.55% compared to the Sensex's gain of 7.19%. This consistent underperformance over the last three years, coupled with the lack of domestic mutual fund investment, suggests a lack of confidence in the company's prospects. The stock's valuation appears expensive relative to its peers, and the recent flat results indicate ongoing financial struggles. Overall, the combination of poor financial metrics, declining investor sentiment, and a challenging market environment contributes to the stock's downward trajectory.