Why is Vraj Iron falling/rising?

As of 30-Sep, Vraj Iron & Steel Ltd's stock price is currently at Rs 144.70, reflecting a decrease of Rs 3.35 or 2.26%. The stock has been on a downward trend, having fallen consecutively for the last six days, resulting in a total decline of 8.07% during this period. It is trading below all key moving averages, indicating weak performance. Additionally, the stock has underperformed its sector by 2.71% today. Over the past year, Vraj Iron has generated a return of -45.60%, with profits declining by 23%. The company's low debt-to-equity ratio and attractive valuation metrics are overshadowed by poor long-term growth prospects, as evidenced by stagnant net sales and operating profit growth over the past five years.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a 1-week return of -6.10% compared to the Sensex's decline of 2.23%. This underperformance is consistent with the stock's long-term trajectory, where it has lagged behind the BSE500 index over various time frames. The falling investor participation, as indicated by a significant drop in delivery volume, further exacerbates the stock's challenges. Overall, the combination of negative financial results, lack of growth, and poor market sentiment contributes to the stock's decline.