Why is Sagardeep Alloys falling/rising?

As of 23-Sep, Sagardeep Alloys Ltd is currently priced at 26.66, reflecting an increase of 0.13 or 0.49%. Despite this slight uptick, the stock has underperformed its sector by 0.27% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.51%, and it has also seen a significant drop in investor participation, with delivery volume falling by 16.83% compared to the 5-day average. While the company reported positive results in June, including a higher profit after tax and a strong return on capital employed, it also faces challenges such as a high debt to EBITDA ratio and weak long-term fundamental strength, which may contribute to investor caution.
Broader market context indicates that Sagardeep Alloys has struggled relative to the benchmark, with a year-to-date return of -5.39% compared to the Sensex's gain of 6.45%. The stock's performance over the last month has been particularly poor, declining by 7.08% while the benchmark rose by 1.20%. This underperformance in both short-term and long-term returns suggests that while there are some positive financial indicators, the overall market sentiment and the company's fundamental weaknesses are leading to a lack of confidence among investors.