Why is Vraj Iron falling/rising?

As of 18-Sep, Vraj Iron & Steel Ltd's stock price is currently at 153.20, reflecting a decrease of 1.4 points or 0.91%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.51% during this period. Additionally, the stock has generated a return of -39.21% over the past year, with a recent performance that shows it has underperformed its sector by 1.31%. The company has a low debt-to-equity ratio and an attractive valuation with a return on equity of 11.1. However, its profits have decreased by 23% over the past year, and domestic mutual funds hold no stake in the company, indicating a lack of confidence in its prospects.
In the broader market context, the stock's short-term performance of +0.26% over the past week is significantly lower than the benchmark Sensex, which has increased by 1.80% during the same period. This underperformance is compounded by the company's poor long-term growth metrics, with net sales and operating profit growing at rates of only 5.70% and 9.97% respectively over the last five years. The negative financial results reported in June, including a 31.1% decline in profit after tax compared to the previous quarter's average, further contribute to the stock's downward trajectory. Overall, the combination of weak financial performance, declining investor participation, and lack of institutional support suggests a challenging outlook for Vraj Iron & Steel Ltd.