Why is Shree Metalloys falling/rising?

As of 14-Aug, Shree Metalloys Ltd's stock price is currently at Rs 35.00, reflecting a decrease of Rs 1.0 or 2.78%. The stock has been on a downward trend, having underperformed its sector by 2.64% today and experiencing a consecutive fall over the last three days, resulting in a total decline of 7.43%. It opened lower today with a loss of 2.08% and reached an intraday low of Rs 35. The stock has also been trading below its moving averages across various time frames, indicating weak momentum. Despite a 61% increase in profits over the past year, the stock has generated a return of -15.66%, and the company's weak long-term fundamentals, including a low Return on Equity (ROE) of 4.79% and poor debt servicing ability, contribute to its declining price.
In the broader market context, Shree Metalloys has significantly underperformed against the Sensex, with a one-week return of -5.15% compared to a negligible change of -0.03% for the benchmark. Over the past month, the stock has declined by 13.37%, while the Sensex has only fallen by 2.01%. This stark contrast highlights the stock's struggles relative to the overall market, further exacerbated by falling investor participation and liquidity issues. The company's valuation appears attractive with a Price to Book Value of 2.1, but the persistent underperformance in both short-term and long-term metrics raises concerns among investors, leading to the current downward price movement.