Why is Samkrg Pistons falling/rising?

As of 04-Sep, Samkrg Pistons & Rings Ltd is experiencing a decline in its stock price, currently at 129.70, reflecting a decrease of 1.3 or 0.99%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 60.48% compared to the 5-day average. Over the past week, the stock has shown a modest gain of 0.66%, but it has underperformed over the longer term, with a 1-month return of -3.71% and a year-to-date return of -26.72%. The company's ability to service debt is strong, supported by a low Debt to EBITDA ratio of 0.70 times, and it is trading at a discount compared to its peers. However, the stock's performance has been hindered by a significant drop in profits, which fell by 10.1%, and a poor long-term growth outlook, with net sales and operating profit growing at only 5.85% and 4.70% annually over the last five years, respectively.
In the broader market context, the Sensex has shown a slight increase of 0.80% over the past week, while Samkrg Pistons has only managed a gain of 0.66%, indicating that it is lagging behind the benchmark. The stock's underperformance is further highlighted by its returns over the past year, where it has generated -34.91%, compared to a modest decline of 1.98% for the Sensex. This underperformance is compounded by flat results in recent quarters, including a significant drop in PAT over the last six months. Overall, the combination of weak sales growth, declining profits, and poor performance relative to the market suggests that investor sentiment remains negative towards Samkrg Pistons, contributing to its current price decline.