Why is Sarthak Metals falling/rising?

As of 29-Aug, Sarthak Metals Ltd is experiencing a decline in its stock price, currently at Rs 103.95, which reflects a decrease of Rs 1.3 or 1.24%. The stock has underperformed its sector today by 1.31%, marking its third consecutive day of losses with a total decline of 4.15% during this period. It opened with a significant loss of 4.99% and reached an intraday low of Rs 100. Additionally, Sarthak Metals is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has also seen a drastic drop in investor participation, with delivery volume plummeting by 92.78% compared to the 5-day average. Despite having a high return on equity (ROE) of 17.72% and a low debt-to-equity ratio, the company has reported negative results for the last ten consecutive quarters, with net sales and operating profit declining significantly over the past five years.
In the broader market context, Sarthak Metals has underperformed compared to the Sensex, with a 1-week return of -3.03% against the benchmark's -1.84%, and a 1-month return of -12.68% compared to -1.88% for the Sensex. The stock has generated a return of -42.66% over the past year, while the Sensex has increased by 2.14% year-to-date. This stark contrast highlights the company's struggles in both the short and long term, as it has consistently lagged behind broader market trends. The poor financial performance, including a significant drop in profits and sales, combined with a high valuation relative to peers, contributes to the stock's negative trajectory, reinforcing its status as a strong sell.