Why is Sharda Ispat falling/rising?

As of 19-Nov, Sharda Ispat Ltd's stock price is currently at Rs 204.75, reflecting a decrease of Rs 14.2 or 6.49%. Today, the stock opened with a gain of 3.68% but has since experienced significant volatility, trading within a wide range of Rs 29, reaching a high of Rs 227 and a low of Rs 198. Over the past week, the stock has underperformed, showing a decline of 6.49%, while its year-to-date performance is down by 28.91%. The company has reported negative results for the last five consecutive quarters, with a significant drop in profits by 59.4%, contributing to its poor long-term growth outlook. Additionally, despite a low debt-to-equity ratio of 0.36, the stock is trading at a discount compared to its peers, which may not be enough to offset the negative sentiment surrounding its recent performance.
In the broader market context, Sharda Ispat's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.85% over the past week. The stock's year-on-year return of -43.22% starkly underlines its underperformance compared to the market, which has generated positive returns of 9.81% during the same period. This significant disparity indicates that investor confidence in Sharda Ispat is waning, likely due to its declining sales and profitability, which have not kept pace with broader market trends.