Why is Titagarh Rail falling/rising?

As of 24-Sep, Titagarh Rail Systems Ltd is experiencing a decline in its stock price, currently at Rs 899.80, which reflects a decrease of Rs 20.95 or 2.28%. The stock has been on a downward trend, losing value for the last three consecutive days, resulting in a total decline of 5.73% during this period. Additionally, the stock's performance over the past week shows a drop of 4.48%, while it has increased by 4.80% over the past month. However, the year-to-date performance is concerning, with a significant decline of 18.62%. The company's operating profit has also fallen by 23.98%, contributing to negative results over the last three quarters, which has likely influenced investor sentiment negatively. Despite having high institutional holdings and a strong long-term growth rate in operating profit, the recent poor financial performance has overshadowed these positives.
In the broader market context, the stock has underperformed compared to the benchmark, with a one-year return of -30.35% against the Sensex's decline of only 3.77%. This stark contrast indicates that while the market has faced challenges, Titagarh Rail's performance has been significantly worse. The stock's liquidity remains adequate, but the falling investor participation, evidenced by a 25.99% drop in delivery volume, suggests a lack of confidence among traders. Overall, the combination of declining operating profits, negative quarterly results, and underperformance relative to the market has led to the stock's current downward trajectory.