Why is Sona BLW Precis. falling/rising?

As of 11-Jul, Sona BLW Precision Forgings Ltd is experiencing a decline in its stock price, currently at 447.15, reflecting a decrease of 7.5 points or 1.65%. The stock has been on a downward trend, losing value for the last six consecutive days, resulting in a total decline of 6.76% during this period. Additionally, the stock's performance over the past week and month shows significant underperformance, with returns of -6.52% and -13.85%, respectively. The company has also reported a high management efficiency with a return on equity (ROE) of 16.48%, yet it faces challenges such as poor long-term growth and a high price-to-book value ratio of 5.1, indicating it may be overvalued compared to its peers.
Broader market context reveals that the stock has consistently underperformed against the benchmark, with a return of -37.62% over the past year compared to a 3.26% increase in the Sensex. This underperformance is further highlighted by the stock's negative returns over the last three years, where it has lagged behind the BSE500 index. The falling investor participation, as evidenced by a 28.64% drop in delivery volume, coupled with the stock trading below its moving averages, suggests a lack of confidence among investors. Overall, these factors contribute to the stock's current decline, reflecting both company-specific issues and broader market dynamics.