Why is Nitin Castings falling/rising?

As of 17-Sep, Nitin Castings Ltd is experiencing a decline in its stock price, currently at Rs 571.70, which represents a decrease of Rs 13.1 or 2.24%. Today's price summary indicates that the stock has underperformed its sector by 2.95%, reaching an intraday low of Rs 571.70. Additionally, Nitin Castings is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The stock has shown a negative return of 8.51% over the past month and a year-to-date decline of 17.74%. Despite a healthy long-term growth rate in operating profit and a low debt-to-equity ratio, the stock's recent performance has been hampered by a significant drop in delivery volume, which fell by 84% compared to the 5-day average.
Broader market context shows that while the Sensex has gained 1.56% over the past week, Nitin Castings has only increased by 0.12%, indicating a relative underperformance. The stock's year-over-year return of -14.02% contrasts sharply with the Sensex's slight decline of 0.46%, further highlighting the stock's struggles in the current market environment. Although the company has reported positive quarterly results, including a substantial growth in profit after tax, the overall market sentiment and declining investor participation have contributed to the stock's downward movement.