Why is S T C falling/rising?

As of 23-Jul, the State Trading Corporation of India Ltd is experiencing a decline in its stock price, currently at Rs 135.00, reflecting a decrease of Rs 2.0 or 1.46%. Today's price summary indicates that the stock has underperformed its sector by 1.48%, with an intraday low of Rs 131.05, marking a drop of 4.34%. The stock has shown a negative performance over various periods, with a 1-week return of -3.57% and a year-to-date return of -11.04%. The company's fundamentals are concerning, highlighted by a negative book value, poor long-term growth, and high debt levels. The recent financial results show a significant decline in profit after tax and cash reserves, further indicating weak financial health, which likely contributes to the stock's downward movement.
In the broader market context, the stock has underperformed compared to the benchmark Sensex, which has gained 0.11% over the past week, while the stock has declined. Over the last year, the stock has generated a return of -20.45%, significantly lagging behind the market's positive return of 1.79%. This underperformance, combined with a lack of confidence from domestic mutual funds, which hold no stake in the company, suggests that investors are wary of the company's prospects. The overall market sentiment appears to be unfavorable for State Trading Corporation of India Ltd, contributing to its declining stock price.