Why is National Standar falling/rising?

As of 16-Jul, National Standard (India) Ltd is experiencing a decline in its stock price, currently at 2,480.65, which reflects a decrease of 47.25 or 1.87%. The stock has recently hit a new 52-week low of Rs 2450, indicating significant downward pressure. Performance metrics show that the stock has underperformed its sector by 1.39% today, with an intraday low of Rs 2450, down 3.08%. Over the past week, the stock has decreased by 2.35%, and it has shown a substantial decline of 43.23% year-to-date. The company’s low return on equity of 6.09% and poor management efficiency, alongside a significant drop in profits and a high price-to-book ratio, contribute to negative investor sentiment. Additionally, the lack of domestic mutual fund investment suggests a lack of confidence in the company’s future performance.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has gained 1.02% over the past month. The stock's consistent underperformance against the benchmark over the last three years, coupled with a significant decline in returns of 47.72% over the past year, further highlights its struggles. The overall market sentiment appears to be cautious, as indicated by falling investor participation and liquidity issues, which may be exacerbating the stock's decline.