Why is Sona BLW Precis. falling/rising?

As of 09-Sep, Sona BLW Precision Forgings Ltd is experiencing a decline in its stock price, currently at Rs 445.30, reflecting a decrease of Rs 9.7 or 2.13%. The stock has underperformed its sector by 1.06% today and has seen a trend reversal after two consecutive days of gains. It reached an intraday low of Rs 443.7, which is a drop of 2.48%. The stock's performance over the past week and month shows minimal gains of 0.02% and 0.04%, respectively, while it has significantly underperformed over the year with a return of -36.36%. Factors contributing to this decline include a falling investor participation, with delivery volume down by 32.8% against the 5-day average, and the stock trading below several key moving averages, indicating bearish sentiment. Despite having a high management efficiency with a return on equity (ROE) of 16.48% and low debt levels, the company has shown poor long-term growth, with operating profit growth at only 10.63% over the last five years and negative results reported in June, which have negatively impacted investor confidence.
In the broader market context, the stock's performance has lagged behind the benchmark, with the Sensex gaining 1.18% over the past week and 1.56% over the past month, while Sona BLW has only managed slight increases. The company's substantial underperformance over the last three years, coupled with a high price-to-book value ratio of 5.1, suggests that the stock is considered expensive relative to its earnings potential. This consistent underperformance against the benchmark, alongside a significant decline in profitability as evidenced by a 14.6% drop in PAT, has likely contributed to the negative sentiment surrounding the stock, leading to its current price decline.