Why is Z F Steering falling/rising?

As of 29-Aug, Z F Steering Gear (India) Ltd is currently priced at 1,080.50, reflecting a slight increase of 0.35, or 0.03%. Despite this minor uptick, the stock has underperformed its sector by 0.5% today and has been in a downward trend, having fallen for three consecutive days prior to this gain. The stock's performance over the past week shows a decline of 1.77%, and it has significantly underperformed the benchmark Sensex, which has dropped by 1.84% in the same period. Additionally, the stock has experienced a substantial year-to-date decline of 26.50%, while its profits have plummeted by 69.9% over the past year, indicating ongoing financial struggles. The company also faces challenges with poor management efficiency, as evidenced by a low Return on Capital Employed (ROCE) of 3.18%, and has reported negative results for the last four consecutive quarters.
In the broader market context, Z F Steering's recent performance contrasts with the benchmark, as it has significantly underperformed the market over the last year, with a return of -30.42% compared to the BSE500's -5.40%. This stark difference suggests that investor confidence in the company is waning, as indicated by a 62.31% drop in delivery volume compared to the five-day average. Furthermore, the lack of domestic mutual fund investment, which stands at 0%, may reflect a broader skepticism regarding the company's future prospects. Despite trading at a discount compared to its peers, the overall sentiment remains negative due to the company's declining profitability and poor long-term growth outlook.