Why is Sh. Steel Wire falling/rising?

As of 11-Jul, Shree Steel Wire Ropes Ltd is experiencing a decline in its stock price, currently at Rs 32.69, which reflects a decrease of Rs 1.27 or 3.74%. Today's price summary indicates that the stock has underperformed its sector by 3.08%, with an intraday low of Rs 30.67, marking a significant drop of 9.69%. The stock has traded within a wide range of Rs 3.14, and despite a rise in delivery volume by 152.15% against the 5-day average, the overall performance remains concerning. The company has reported operating losses and a weak long-term fundamental strength, with a poor EBIT to Interest ratio of 0.32 and a low return on equity of 2.99%. Additionally, the stock has generated a return of -16.24% over the past year, indicating a decline in profitability.
In the broader market context, the stock's performance over the past week shows a gain of 1.24%, while the benchmark Sensex has decreased by 1.12%. However, the stock's year-to-date performance is significantly worse, with a decline of 17.03% compared to the Sensex's increase of 5.58%. This underperformance is compounded by the company's negative EBITDA and flat results reported for March 2025, which further highlight its financial struggles. Overall, the combination of poor financial metrics and underperformance relative to both the sector and the benchmark contributes to the stock's current downward trend.