Why is Ashoka Metcast falling/rising?

As of 29-Aug, Ashoka Metcast Ltd's stock price is currently at 16.39, reflecting an increase of 0.21 or 1.3%. The stock has shown a trend reversal, gaining after seven consecutive days of decline, and has outperformed its sector by 0.67% today. However, it is trading below its moving averages across various time frames, indicating a bearish trend. Over the past year, the stock has generated a return of -19.26%, significantly underperforming the market, which has seen a decline of only -2.83%. Despite a rise in profits by 19.2%, the stock's weak long-term fundamentals, including a -24.25% CAGR growth in operating profits over the last five years, contribute to its overall negative performance.
In the broader market context, Ashoka Metcast's short-term performance has been relatively poor compared to the benchmark, with a 1-week return of -4.10% against the Sensex's -1.84%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 31.62% against the 5-day average. The company's low return on equity of 5.42% and a high reliance on non-operating income further signal weak profitability, which may deter potential investors. Overall, while there are some positive indicators, the stock's persistent underperformance and weak fundamentals suggest a challenging outlook.