Why is Z F Steering falling/rising?

As of 24-Sep, Z F Steering Gear (India) Ltd is experiencing a decline in its stock price, currently at 1,052.85, which reflects a decrease of 9.1 points or 0.86%. The stock has been on a downward trend, losing 4.32% over the last three days and trading below its moving averages across various time frames. In terms of performance against benchmarks, the stock has underperformed significantly, with a year-to-date return of -28.38% compared to the Sensex's 4.58% gain. Additionally, the company's profits have plummeted by 69.9% over the past year, contributing to a negative sentiment among investors. Despite a low Debt to EBITDA ratio indicating a strong ability to service debt, the company's poor management efficiency, reflected in a low Return on Capital Employed (ROCE) of 3.18%, raises concerns about its profitability.
Broader Market Context: In the short term, Z F Steering's performance has been notably worse than the benchmark, with a 1-week return of -2.96% compared to the Sensex's -1.18%. This underperformance is compounded by a lack of investor confidence, as evidenced by a 12.09% drop in delivery volume against the 5-day average. The stock's negative trajectory is further highlighted by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of comfort with its current valuation or business prospects. Overall, the combination of declining returns, poor management efficiency, and weak investor participation indicates a challenging environment for Z F Steering, leading to its current price decline.