Why is Z F Steering falling/rising?

As of 28-Aug, Z F Steering Gear (India) Ltd is experiencing a decline in its stock price, currently at 1,080.15, which reflects a decrease of 14.8 points or 1.35%. Today's price summary indicates that the stock has underperformed its sector by 1.22% and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.8%. Although the stock opened with a gain of 2.2% and reached an intraday high of Rs 1,119, it also touched a low of Rs 1,060.05. The stock's performance over the past year shows a significant drop of 30.76%, while its profits have plummeted by 69.9%. The company has also reported negative results for the last four consecutive quarters, contributing to a poor management efficiency reflected in a low Return on Capital Employed (ROCE) of 3.18%.
In the broader market context, the stock's short-term return of +0.59% over the past week contrasts sharply with the Sensex, which has declined by 2.34%. This indicates that while the stock has shown some resilience in the short term, its overall performance remains weak compared to the market. The company's low Debt to EBITDA ratio suggests a strong ability to service debt, but the significant drop in profitability and poor long-term growth prospects have led to a lack of confidence among investors, as evidenced by the negligible domestic mutual fund holdings. Overall, the stock's decline is influenced by both its poor financial performance and broader market conditions.