Why is Z F Steering falling/rising?

As of 18-Aug, Z F Steering Gear (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,041.70, which reflects a decrease of Rs 22.3 or 2.1%. The stock has underperformed its sector by 5.4% today and has been on a consecutive downward trend for the last two days, with a total drop of 5.21% during this period. Although the stock opened with a gain of 2.45% and reached an intraday high of Rs 1,095.05, it also hit a low of Rs 1,031, indicating significant volatility. Over the past week, the stock has decreased by 6.91%, and year-to-date, it has fallen by 29.14%, contrasting sharply with the Sensex, which has gained 4.01% during the same timeframe. Additionally, the stock is trading below all major moving averages, which suggests a bearish trend. There is also a notable decline in investor participation, with delivery volume dropping by 49.45% compared to the five-day average, indicating reduced interest in the stock.
Broader Market Context: In the broader market context, the stock's recent performance has been significantly weaker than the benchmark Sensex, which has shown a slight increase of 0.83% over the past week. While the auto ancillary sector has gained by 3.26%, Z F Steering's performance has been disappointing, with a year-to-date decline of 29.14% compared to the Sensex's positive return. This divergence highlights the challenges faced by Z F Steering in attracting investor confidence amidst a generally stable market environment. The combination of falling stock price, reduced trading volume, and underperformance relative to both its sector and the benchmark suggests a challenging outlook for the company in the current market conditions.