Why is National Standar falling/rising?

As of 02-Jul, National Standard (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,611.90, which reflects a decrease of Rs 36.05 or 1.36%. The stock has opened with a gain of 7.63% today, reaching an intraday high of Rs 2,849.95, but has since fallen to a low of Rs 2,581, indicating volatility. Over the past week, the stock has underperformed the sector by 1.61% and has shown significant declines over longer periods, with a year-to-date return of -40.23% and a one-year return of -43.61%. The company's low return on equity (ROE) of 6.09% and a substantial portion of its profits coming from non-operating income have raised concerns about its profitability and management efficiency. Additionally, the stock is trading below all key moving averages, and a significant drop in delivery volume suggests waning investor interest.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has gained 0.79% over the past week and 6.75% year-to-date. This consistent underperformance against the benchmark, coupled with a lack of domestic mutual fund investment, indicates a lack of confidence in the company's prospects. The stock's valuation appears expensive relative to its low profitability, further contributing to its decline. Overall, the combination of poor financial performance, low investor participation, and significant underperformance against market benchmarks has led to the current downward trend in National Standard's stock price.