Why is Niraj Cement falling/rising?

As of 23-Sep, Niraj Cement Structurals Ltd is experiencing a decline in its stock price, currently at Rs 45.90, reflecting a decrease of -0.33 or -0.71%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of -2.67% during this period. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, the stock is close to its 52-week low, just 4.34% away from Rs 43.91. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the recent quarterly performance has been disappointing, with net sales and profit after tax significantly down compared to previous averages. In the broader market context, Niraj Cement's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.45% compared to the Sensex's -0.34%. This underperformance is compounded by a substantial drop in investor participation, as evidenced by a 58.25% decrease in delivery volume against the 5-day average. Although there has been increasing participation from institutional investors, their overall stake remains low at 0.63%. The stock's long-term returns have also been negative, with a -30.86% return over the past year, further contributing to a lack of investor confidence and a downward trend in its price.