Why is Sarthak Metals falling/rising?

As of 18-Sep, Sarthak Metals Ltd is currently priced at 106.70, reflecting an increase of 0.7 or 0.66%. Despite this slight uptick, the stock has shown a negative performance trend, with a decline of 6.32% over the past week and 3.87% over the past month. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 68.03% compared to the 5-day average. The company has also reported poor long-term growth, with net sales and operating profit decreasing significantly over the past five years, and it has declared negative results for the last ten consecutive quarters.
In the broader market context, Sarthak Metals has underperformed compared to the Sensex, which has gained 1.80% over the past week while Sarthak has lost 6.32%. This underperformance is further highlighted by the stock's year-to-date decline of 32.64% against the Sensex's gain of 6.24%. The company's financial metrics, such as a low return on equity (ROE) of 3.1 and a high price-to-book value ratio, suggest that the stock is overvalued relative to its peers. While the company maintains a high management efficiency with an ROE of 17.72% and a low debt-to-equity ratio, these positives are overshadowed by the overall negative financial performance and declining investor interest, contributing to the stock's recent struggles.