Why is Vraj Iron falling/rising?

As of 08-Sep, Vraj Iron & Steel Ltd's stock price is currently at 152.20, reflecting a decrease of 0.4, or 0.26%. The stock has underperformed its sector today by 1.55%, and while it is higher than its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a return of +3.19%, but it has significantly underperformed over the last month with a return of -8.92% and a year-to-date decline of -30.66%. The company's low debt-to-equity ratio and attractive valuation with a return on equity of 11.1 are overshadowed by a substantial drop in profits, which fell by 23% over the past year, contributing to the stock's negative performance.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 0.53% over the past week. The underwhelming results from the company, including a 31.1% drop in profit after tax in the latest quarter, have led to a lack of confidence among investors, as evidenced by the 35.15% decline in delivery volume compared to the 5-day average. Furthermore, the absence of domestic mutual fund investment suggests a lack of institutional confidence in the company's prospects, which may further impact its stock price negatively. Overall, the combination of poor short-term and long-term growth metrics, alongside weak investor participation, indicates a challenging environment for Vraj Iron & Steel Ltd.