Why is Sona BLW Precis. falling/rising?

As of 29-Aug, Sona BLW Precision Forgings Ltd is experiencing a decline in its stock price, currently at Rs 445.95, which reflects a decrease of Rs 5.6 or 1.24%. The stock has been losing value for the past two days, with a total drop of 1.52% during this period. It has also touched an intraday low of Rs 442.15, indicating a significant downward movement. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 82.37% compared to the 5-day average. Despite the company having a high return on equity (ROE) of 16.48% and low debt-to-equity ratio, the recent negative financial results, including a significant drop in profit after tax, have contributed to the stock's poor performance.
In the broader market context, Sona BLW Precision Forgings Ltd has underperformed against the benchmark, with a 1-week return of -0.80% compared to the Sensex's -1.84% and a 1-month return of -5.44% against the Sensex's -1.88%. Over the past year, the stock has generated a return of -35.27%, significantly lagging behind the benchmark's -2.83% return. This consistent underperformance, coupled with the company's poor long-term growth prospects and high valuation metrics, has likely influenced investor sentiment negatively, leading to the current decline in stock price.