Why is Nova Iron &Steel falling/rising?

As of 04-Aug, Nova Iron & Steel Ltd is experiencing a decline in its stock price, currently at 15.00, which reflects a decrease of 0.13 or 0.86%. The stock has been losing value for the last two days, with a total drop of 1.96% during this period. In terms of performance, the stock has shown a 3.38% increase over the past week, but it has underperformed significantly over the past year with a decline of 37.40%. The company has reported negative results for the last three consecutive quarters, with a negative book value and weak long-term fundamental strength, which contributes to the stock's downward trend.
In the broader market context, the Sensex has only seen a slight increase of 0.16% over the past week, indicating that the stock's short-term performance is relatively better than the benchmark. However, despite this short-term outperformance, the stock's year-to-date performance shows a decline of 14.97%, contrasting sharply with the Sensex's gain of 3.69%. The overall market sentiment appears to be cautious, particularly in the metal sector, which has fallen by 2.03%. This, combined with a significant drop in investor participation and liquidity issues, suggests that Nova Iron & Steel is facing challenges that are impacting its stock price negatively.