Why is National Standar falling/rising?

As of 14-Jul, National Standard (India) Ltd is experiencing a decline in its stock price, currently at Rs. 2,500.00, reflecting a decrease of Rs. 39.6 or 1.56%. The stock has recently hit a new 52-week low of Rs. 2,450, indicating a significant downward trend, as it has underperformed its sector by 1.43% today. Over the past week, the stock has fallen by 3.36%, and its year-to-date performance shows a staggering decline of 42.79%. The company's low return on equity (ROE) of 6.09% and a significant drop in profits, with a 37.09% decrease in profit after tax over the last six months, contribute to its poor performance. Additionally, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's valuation and business prospects.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 5.27% year-to-date while National Standard has lost 42.79%. This consistent underperformance against the benchmark over the last three years, coupled with falling investor participation and liquidity issues, further exacerbates the stock's decline. The stock is trading below all major moving averages, indicating a bearish trend, and the significant reliance on non-operating income, which constitutes 102.45% of profit before tax, raises concerns about the sustainability of its earnings. Overall, these factors paint a bleak picture for National Standard, leading to its ongoing decline in stock price.