Why is Shah Alloys falling/rising?

As of 23-Sep, Shah Alloys Ltd is experiencing a decline in its stock price, currently at Rs 68.78, reflecting a decrease of Rs 1.99 or 2.81%. The stock has underperformed its sector by 4.1% today and has been on a downward trend for the last two days, accumulating a total loss of 4.49% in that period. The stock's performance over the past week shows a significant decline of 8.80%, while it has seen a modest increase of 23.46% over the past month. However, the company has reported negative results for the last five consecutive quarters, with a negative book value and a high debt-to-equity ratio of 2.97 times, indicating weak long-term fundamental strength. Additionally, the company's net sales have decreased at an annual rate of 14.72% over the last five years, contributing to the stock's recent struggles.
In the broader market context, Shah Alloys has underperformed compared to the benchmark, with a one-year return of -15.41% against the BSE500's -4.69%. While the market has shown a slight positive return of 0.98% over the past month, Shah Alloys' performance has been significantly weaker, highlighting its challenges. The stock's liquidity remains adequate for trading, but falling investor participation, as evidenced by a 41.51% drop in delivery volume, suggests diminishing interest among investors. Overall, the combination of negative financial results, high debt levels, and recent underperformance relative to the market has contributed to the stock's decline.