Why is Steel Exchange falling/rising?

As of 22-Aug, Steel Exchange India Ltd is experiencing a decline in its stock price, currently at 9.71, reflecting a decrease of 0.04 or 0.41%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 5.36% over the past week. Despite outperforming its sector by 0.79% today, the stock's performance over the past year has been significantly negative, with a return of -27.97%. The company shows a rising investor participation, evidenced by a 124.8% increase in delivery volume compared to the five-day average. However, the stock's long-term fundamentals are weak, with a low average Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, which may contribute to investor concerns.
Broader market context indicates that while the Sensex has gained 0.88% over the past week, Steel Exchange's performance has been notably poor, with a year-to-date return of -4.99% compared to the Sensex's 4.05% gain. This consistent underperformance against the benchmark over the last three years, coupled with flat results reported in June, suggests that the stock is struggling to attract investor confidence. The company's ability to service debt and its slow growth in net sales further exacerbate the situation, leading to a cautious outlook among investors despite its attractive valuation metrics relative to peers.