Why is Sagardeep Alloys falling/rising?

As of 22-Sep, Sagardeep Alloys Ltd is experiencing a decline in its stock price, currently at 26.53, which reflects a decrease of 0.25 or 0.93%. The stock has underperformed its sector by 2.57% today and is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 1.67%, and it has shown a significant decline of 7.53% over the past month. Despite some positive financial indicators, such as a higher profit after tax and a strong return on capital employed in recent results, the stock's long-term fundamentals remain weak, particularly with a high debt to EBITDA ratio, which raises concerns about its ability to service debt.
In the broader market context, Sagardeep Alloys has consistently underperformed against the benchmark, with a return of -4.74% over the past year compared to a positive return from the Sensex. The stock's performance has lagged behind the benchmark index for the last three years, which has seen a substantial gain of 42.95%. This persistent underperformance, coupled with the company's weak long-term fundamental strength, contributes to a negative sentiment among investors, further exacerbating the stock's decline.