Why is Steel Exchange falling/rising?

As of 11-Aug, Steel Exchange India Ltd is experiencing a decline in its stock price, currently at 10.38, reflecting a decrease of 0.47 or 4.33%. The stock has underperformed its sector by 4.62% today and has been on a consecutive downward trend for the last two days, resulting in a total return drop of 5.89%. Over the past week, the stock has seen a slight decline of 0.48%, while its performance over the last month shows a more significant decrease of 3.80%. Despite a year-to-date return of 1.57%, the stock has suffered a substantial annual decline of 20.52%. Factors contributing to this decline include weak long-term fundamental strength, a high debt to EBITDA ratio, and a significant percentage of promoter shares being pledged, which adds downward pressure in a falling market.
In the broader market context, the stock's recent performance has been slightly better than the benchmark Sensex, which has declined by 0.51% over the past week. However, the stock's long-term performance has consistently lagged behind the benchmark, with a notable underperformance over the last three years. The company has reported a significant drop in profit after tax and has shown poor growth in net sales, which raises concerns about its ability to service debt. While the stock is trading at a discount compared to its peers and has seen a rise in profits, the overall negative sentiment and weak fundamentals are contributing to its current price decline.