Why is SAIL falling/rising?

As of 04-Jul, Steel Authority Of India Ltd. is currently priced at 134.90, reflecting a decrease of 1.5, or 1.1%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 1.86%. Despite this short-term downturn, the stock has shown positive performance over the past week and month, with returns of 2.47% and 2.35%, respectively. However, its year-to-date performance remains strong at 19.27%, although it has experienced a significant decline of 10.63% over the past year. The stock is trading above its moving averages, indicating some underlying strength, and there has been a notable increase in investor participation, with delivery volume rising by 46.14% against the five-day average. The stock's valuation appears attractive, trading at a discount compared to its peers, but it has also seen a substantial profit decline of 28.8% over the past year.
In the broader market context, the Sensex has shown a slight decline of 0.74% over the past week, while SAIL's performance has outpaced this benchmark. This suggests that while SAIL is currently facing some short-term challenges, it has been more resilient than the overall market in the recent past. The stock's strong year-to-date performance of 19.27% compared to the Sensex's 6.77% indicates that it has been a favorable investment for a longer period, despite its recent struggles. Overall, the combination of declining profits and recent price movements may be contributing to the stock's current downward trend, even as it maintains a relatively strong position compared to the broader market.