Why is Tirupati Forge falling/rising?

As of 13-Nov, Tirupati Forge Ltd's stock price is currently at 34.13, reflecting a decline of 1.78, or 4.96%. The stock has underperformed significantly, with a performance today that is 4.52% lower than its sector. It is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has decreased by 9.71%, and in the last month, it has fallen by 16.06%. Despite a high management efficiency indicated by a ROCE of 17.45% and a strong ability to service debt with a low Debt to EBITDA ratio of 0.89 times, the company has reported negative results for the last four consecutive quarters, leading to a significant decline in profits and a low ROCE of 6.43%. This combination of factors has contributed to the stock's recent downward movement.
Broader market context indicates that Tirupati Forge has underperformed the market significantly, with a one-year return of -23.42% compared to the BSE500's positive return of 8.17%. This stark contrast highlights the stock's struggles in the current market environment. While the company has shown healthy long-term growth in net sales and operating profit, the recent negative performance and declining profitability have overshadowed these positives. The stock's expensive valuation, reflected in a Price to Book Value of 3.7, further complicates its appeal to investors, leading to a lack of confidence and contributing to the ongoing decline in its stock price.