Why is Samkrg Pistons falling/rising?

As of 02-Sep, Samkrg Pistons & Rings Ltd is experiencing a decline in its stock price, currently at 130.05, which reflects a decrease of 1.95 or 1.48%. The stock has underperformed its sector by 1.74% today and has fallen after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has shown a slight increase of 0.81%, but it has underperformed significantly over the longer term, with a year-to-date decline of 26.53% and a one-year return of -34.97%. Despite a low Debt to EBITDA ratio of 0.70 and an attractive valuation with a ROCE of 8.5, the stock's profits have decreased by 10.1% over the past year, contributing to its negative performance.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has shown a slight increase of 2.58% year-to-date. The consistent underperformance against the benchmark over the last three years, coupled with poor long-term growth metrics—such as net sales growing at an annual rate of only 5.85%—highlights the challenges faced by the company. The flat results reported in June, with a PAT decline of 38.72%, further exacerbate investor concerns, leading to a lack of confidence in the stock's recovery potential. Overall, the combination of weak financial performance and negative market sentiment has contributed to the stock's downward movement.