Why is Vraj Iron falling/rising?

As of 17-Sep, Vraj Iron & Steel Ltd's stock price is currently at 154.60, reflecting a decrease of 0.95, or 0.61%. The stock has underperformed its sector today by 0.35% and has experienced a trend reversal after three consecutive days of gains. In terms of returns, the stock has shown a modest increase of 1.05% over the past week and 1.34% over the past month; however, it has significantly underperformed on a year-to-date basis with a decline of 29.57%. 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 of 23% over the past year, contributing to the stock's negative performance.
Broader market context indicates that while the Sensex has increased by 1.56% over the past week and 2.60% over the past month, Vraj Iron's performance remains lackluster, particularly with a one-year return of -35.86% compared to the Sensex's slight decline of 0.46%. The stock's liquidity appears adequate, but a notable decrease in delivery volume by 20.51% against the five-day average suggests falling investor participation. Additionally, the lack of domestic mutual fund investment may signal a lack of confidence in the company's prospects, further contributing to its underperformance relative to broader market trends.