Why is Steel Exchange falling/rising?

As of 28-Aug, Steel Exchange India Ltd is experiencing a decline in its stock price, currently at 8.81, reflecting a decrease of 0.26 or 2.87%. The stock has underperformed its sector today by 2.08% and has been on a consecutive downward trend for the last six days, resulting in a total decline of 14.13% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has also seen a significant drop in investor participation, with delivery volume falling by 29.06% compared to the 5-day average. Despite a very attractive valuation with a ROCE of 7.3 and a PEG ratio of 0.5, the stock's long-term fundamentals are weak, characterized by a high Debt to EBITDA ratio and poor growth in net sales.
In the broader market context, Steel Exchange's performance has been notably worse than the benchmark, with a 1-week return of -9.64% compared to the Sensex's -2.34%. Over the past year, the stock has generated a return of -37.07%, significantly underperforming the BSE500 in each of the last three annual periods. This consistent underperformance, coupled with flat financial results and a high reliance on non-operating income, contributes to the negative sentiment surrounding the stock. Overall, the combination of weak fundamentals, declining investor interest, and a stark contrast to the benchmark's performance has led to the stock's recent decline.