Why is Titagarh Rail falling/rising?

As of 24-Jul, Titagarh Rail Systems Ltd is experiencing a decline in its stock price, currently at Rs 905.00, which represents a decrease of Rs 16.9 or 1.83%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.5% during this period. Additionally, the stock's performance over the past week shows a drop of 4.08%, while it has significantly underperformed the market over the past year with a return of -44.62%. Key financial indicators reveal that despite a healthy long-term growth rate in operating profit, the company faces challenges such as a low return on capital employed (ROCE) of 14.63% and a high price-to-book value ratio of 4.9, indicating an expensive valuation relative to its peers.
In the broader market context, the Sensex has shown a slight decline of only 0.09% over the past week, highlighting that the stock's short-term performance is considerably worse than the benchmark. The stock's liquidity appears adequate, but there has been a notable decrease in investor participation, with delivery volume dropping by 39.8% against the five-day average. This lack of interest, combined with negative financial results and a significant underperformance compared to the BSE500 index, suggests that investor sentiment is currently bearish towards Titagarh Rail Systems Ltd, contributing to its declining stock price.