Why is Vraj Iron falling/rising?

As of 23-Sep, Vraj Iron & Steel Ltd's stock price is currently at Rs 154.00, reflecting a decrease of Rs 3.4 or 2.16%. The stock has underperformed its sector today, with a performance drop of 3.45%. After experiencing two consecutive days of gains, the stock has reversed its trend, hitting an intraday low of Rs 153.8. Over the past week, the stock has declined by 1.00%, and it has significantly underperformed over the last month with a total return of -3.60%. The company has a low Debt to Equity ratio and a favorable ROE of 11.1, but its profits have fallen by 23% over the past year, contributing to a substantial annual return decline of 41.48%. Additionally, domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its valuation or business prospects.
In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week, suggesting that the overall market sentiment is relatively stable compared to Vraj Iron's performance. The stock's significant underperformance in both the short-term and long-term, as evidenced by its negative returns over the past year and three years, highlights ongoing concerns about its growth potential. The company's below-par performance in terms of net sales and operating profit growth further exacerbates these concerns, leading to a cautious outlook among investors.