Why is Vraj Iron falling/rising?

As of 18-Nov, Vraj Iron & Steel Ltd's stock price is currently at Rs 136.80, reflecting a decrease of Rs 1.45 or 1.05%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 1.72%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The stock is close to its 52-week low, just 3.51% away from Rs 132. Additionally, the stock has underperformed significantly over various periods, with a year-to-date return of -37.68% compared to a positive 8.36% for the benchmark index. The company's profits have also declined by 23% over the past year, contributing to the negative sentiment surrounding the stock.
In the broader market context, Vraj Iron's short-term performance has been notably poor, with a 1-week return of -2.01% while the Sensex has gained 0.96%. This stark contrast highlights the stock's underperformance relative to the market. The company has shown weak long-term growth, with net sales growing at an annual rate of only 5.70% over the last five years, and a significant drop in profit after tax by 40.61% in the latest six months. Despite having a low debt-to-equity ratio and an attractive valuation, the overall flat results and declining investor participation suggest a lack of confidence in the company's future prospects, further driving the stock's decline.