Why is National Standar falling/rising?

As of 03-Jul, National Standard (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,598.70, reflecting a decrease of Rs 13.2 or 0.51%. The stock has underperformed its sector by 2.4% today and has been on a downward trend, losing 1.86% over the past two days. It is also trading below all key moving averages, indicating a bearish sentiment. Over the past month, the stock has seen a significant drop of 14.04%, and its year-to-date performance shows a staggering decline of 40.53%. The company's low return on equity (ROE) of 6.09% and a concerning trend of negative profitability growth, with a 37.09% decrease in profit after tax, further contribute to investor skepticism. Additionally, the lack of domestic mutual fund investment suggests a lack of confidence in the company's prospects.
In the broader market context, the stock's short-term performance has been relatively poor compared to the benchmark, with a 1-week return of +0.03% against the Sensex's -0.62%. This indicates that while the stock has slightly outperformed the benchmark in the short term, its longer-term performance remains troubling, with a 45.41% decline over the past year compared to the Sensex's 4.07% increase. The consistent underperformance against the benchmark over the last three years, coupled with a very expensive valuation relative to its peers, reinforces the negative outlook for National Standard (India) Ltd.