Why is Sona BLW Precis. falling/rising?

As of 31-Jul, Sona BLW Precision Forgings Ltd is experiencing a decline in its stock price, currently at 450.45, reflecting a decrease of 11.3 points or 2.45%. The stock has underperformed its sector by 0.5% today and has been on a downward trend for the last two days, accumulating a total loss of 4.48%. It opened with a loss of 2.54% and reached an intraday low of Rs 445.5, which is a drop of 3.52%. Over the past week, the stock has fallen by 8.16%, and its year-to-date performance shows a significant decline of 24.42%. Despite having a high management efficiency indicated by a return on equity (ROE) of 16.48% and a low debt-to-equity ratio, the company has faced challenges such as poor long-term growth and flat quarterly results, which have negatively impacted investor sentiment.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years, with a one-year return of -33.69% compared to the benchmark's -0.68%. The castings and forgings sector has also seen a decline of 2.36%, contributing to the negative sentiment surrounding Sona BLW. While there has been a rise in investor participation, as indicated by a 43.13% increase in delivery volume, the overall market conditions and the company's flat financial results have overshadowed these positive factors, leading to the stock's continued decline.