Why is Scan Steels falling/rising?

As of 04-Aug, Scan Steels Ltd is experiencing a decline in its stock price, currently at Rs 34.88, reflecting a decrease of Rs 1.37 or 3.78%. The stock has underperformed its sector by 6.63% today and has been on a downward trend for the last three days, with a total drop of 5.73% during this period. Additionally, the stock has consistently traded below its moving averages over various time frames, indicating weak momentum. Despite a low Debt to EBITDA ratio suggesting a strong ability to service debt and an attractive valuation compared to peers, the company has reported negative results for the last three consecutive quarters, contributing to a significant year-over-year decline of 50.14% in stock returns.
In the broader market context, Scan Steels' short-term performance has been notably poor compared to the benchmark Sensex, which has gained 0.16% over the past week while Scan Steels has dropped 5.70%. The company's net sales have also shown a troubling trend, with a growth rate of only 3.68% over the last five years, and a significant decline in profits and sales in recent quarters. This underperformance, coupled with falling investor participation and a substantial drop in delivery volume, suggests a lack of confidence among investors, further exacerbating the stock's decline.