Why is Visa Steel falling/rising?

As of 24-Jul, Visa Steel Ltd's stock price is currently at 34.50, reflecting a decrease of 0.4, or 1.15%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 3.74%. Additionally, the stock's performance today has underperformed its sector by 1.48%. Despite a strong annual return of 43.69%, the company faces challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to its recent price decline. The delivery volume has also significantly decreased, indicating falling investor participation, which may further pressure the stock price.
In the broader market context, Visa Steel's short-term performance over the past week shows a decline of 2.16%, while the benchmark Sensex has only decreased by 0.09%. This underperformance relative to the benchmark suggests that investor sentiment towards Visa Steel is weakening compared to the overall market. Although the stock has outperformed the market over the past year, the current negative trends in sales growth and operating profits, along with the high debt-to-equity ratio, may be causing investors to reassess the stock's value, leading to its recent price drop.