Why is Samrat Forgings falling/rising?

As of 04-Jul, Samrat Forgings Ltd is experiencing a decline in its stock price, currently at Rs 263.00, which reflects a decrease of Rs 6.75 or 2.5%. The stock has underperformed its sector by 3.07% today and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is 4.56% away from its 52-week low of Rs 251. The company has shown positive results over the last three consecutive quarters, with a significant growth in PAT and net sales. However, it is burdened by high debt and weak long-term fundamental strength, which contributes to its poor performance, including a substantial decline of 15.71% over the past year compared to the market's positive returns.
In the broader market context, the stock has underperformed the benchmark Sensex, which has seen a return of 3.01% over the past month, while Samrat Forgings has gained only 4.74% in the same period. This underperformance is further highlighted by its year-to-date decline of 22.53% against the Sensex's increase of 6.77%. The falling investor participation, as indicated by a significant drop in delivery volume, also suggests a lack of confidence among investors, which may be contributing to the stock's downward pressure. Overall, the combination of high debt, weak long-term growth prospects, and recent negative price movements indicates a challenging environment for Samrat Forgings Ltd.