Why is Sagardeep Alloys falling/rising?

As of 24-Sep, Sagardeep Alloys Ltd is experiencing a decline in its stock price, currently at Rs 26.03, which reflects a decrease of Rs 0.63 or 2.36%. The stock has underperformed today, falling by 0.92% compared to its sector. It is trading lower than all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 3.92% away from Rs 25.01. Over the past week, the stock has decreased by 3.49%, and its year-to-date performance shows a decline of 7.63%, contrasting sharply with the Sensex's gain of 5.97%. While the company reported positive results in June, including a higher profit after tax and an attractive return on capital employed, it also faces significant challenges such as a high debt to EBITDA ratio and weak long-term fundamental strength.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.49% compared to the Sensex's -1.08%. This underperformance highlights the stock's struggle in a market that has shown resilience. The overall market sentiment appears to be more favorable, as evidenced by the Sensex's positive returns over various periods, while Sagardeep Alloys has consistently lagged behind. The declining investor participation, evidenced by a significant drop in delivery volume, further exacerbates the stock's challenges, suggesting a lack of confidence among investors.