Why is Vibhor Steel falling/rising?

As of 17-Sep, Vibhor Steel Tubes Ltd is experiencing a decline in its stock price, currently at 161.75, which reflects a decrease of 0.65 or 0.4%. The stock has shown a trend reversal, falling after three consecutive days of gains. In terms of performance, the stock has underperformed significantly over the past year, with a return of -36.61%, while the benchmark Sensex has only fallen by 0.46%. Additionally, the stock's recent trading volume has decreased, with a delivery volume drop of 8.73% against the five-day average, indicating falling investor participation. The company's fundamentals are weak, highlighted by a low Return on Capital Employed (ROCE) of 7.7% and a high Debt to EBITDA ratio of 4.15 times, which suggests challenges in servicing debt and overall financial health.
In the broader market context, Vibhor Steel's short-term return of +0.22% over the past week is notably lower than the Sensex's gain of +1.56%, indicating that while the market is generally performing well, Vibhor Steel is lagging behind. The stock's year-to-date performance is also concerning, with a decline of -24.68% compared to the Sensex's increase of +5.83%. This underperformance, coupled with negative financial results and a high interest burden, contributes to a perception of weak long-term fundamental strength, reinforcing the stock's downward trajectory in the current market environment.