Why is Steel Exchange falling/rising?

As of 01-Aug, Steel Exchange India Ltd is experiencing a decline in its stock price, currently at 10.27, reflecting a decrease of 0.45 or 4.2%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 5.87% during this period. In the past week, the stock has declined by 3.02%, while over the last month, it has shown a modest gain of 4.16%. However, its one-year performance is concerning, with a significant drop of 26.96%. The company's financial health is also under scrutiny, as it has a high Debt to EBITDA ratio and a large percentage of promoter shares pledged, which adds pressure on the stock price. Despite a notable increase in profits over the past year, the overall weak long-term fundamentals and recent flat quarterly results contribute to the stock's downward movement.
In the broader market context, Steel Exchange's recent performance contrasts with the benchmark index, the Sensex, which has only fallen by 1.06% over the past week. The steel sector as a whole has also faced challenges, with a decline of 2.27%. The stock's liquidity appears adequate, but the significant drop in delivery volume suggests waning investor interest. Additionally, the stock's consistent underperformance against the benchmark over the last three years indicates a lack of confidence among investors, further exacerbating its price decline.