Why is Z F Steering falling/rising?

As of 16-Jul, Z F Steering Gear (India) Ltd's stock price is currently at 1,258.25, reflecting a decrease of 23.35 points or 1.82%. Today's price summary indicates that the stock underperformed its sector by 2.35%, with an intraday low of Rs 1205, marking a decline of 5.98%. The stock has shown a mixed performance over various periods, with a 1-week return of 6.83% and a 1-month return of 4.08%, but it has a year-to-date decline of 14.40%. Despite a strong ability to service debt and a fair valuation compared to peers, the stock's profits have fallen significantly by 65.9% over the past year, which may contribute to the current downward pressure on its price.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a decline of 1.08% over the past week. The stock's liquidity appears adequate, with a notable increase in delivery volume, suggesting rising investor participation. However, the company has faced challenges, including negative results for the last three consecutive quarters and poor long-term growth, which may deter investor confidence. The lack of domestic mutual fund investment could also indicate a lack of comfort with the stock's current valuation, further influencing its price decline.