Why is Z F Steering falling/rising?

As of 17-Jul, Z F Steering Gear (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,237.50, which reflects a decrease of Rs 20.75 or 1.65%. The stock has underperformed its sector today by 1.84% and has been on a downward trend for the last two days, accumulating a total loss of 3.44%. Despite a positive performance over the past week and month, with returns of 5.68% and 4.43% respectively, the stock has faced challenges, including a significant drop in profits by 65.9% over the past year. The company has also reported negative results for the last three consecutive quarters, contributing to a lack of investor confidence, as evidenced by the low domestic mutual fund holdings.
In the broader market context, while the stock has shown a strong performance over the past three years, with a return of 160.36%, it has struggled year-to-date with a decline of 15.82%, contrasting sharply with the Sensex's gain of 5.27% during the same period. This disparity highlights the stock's recent underperformance relative to the benchmark index. The company's ability to service its debt remains strong, but the overall sentiment appears to be weighed down by poor long-term growth prospects and declining operating profits, leading to a cautious outlook among investors.