Why is Econo Trade Indi falling/rising?

As of 04-Jul, Econo Trade India Ltd's stock price is currently at 8.44, reflecting an increase of 0.06 or 0.72%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. Despite this positive movement, the stock has underperformed the benchmark over the past week with a return of -9.83% compared to the Sensex's -0.74%. The stock's delivery volume has significantly decreased by 53.8% against the five-day average, indicating falling investor participation. While the stock has a relatively attractive valuation with a Price to Book Value of 0.3 and a Return on Equity (ROE) of 4.9, it has also faced challenges, including a 10.3% decline in profits over the past year and consistent underperformance against the benchmark over the last three years.
In the broader market context, Econo Trade India Ltd's recent performance contrasts with the Sensex, which has shown a positive return of 3.01% over the past month. Although the stock has gained 13.75% in the last month, its long-term fundamentals appear weak, with an average ROE of 3.85% and flat results reported in March 2025. The stock's performance over the last year has been negative at -2.54%, further highlighting its struggle to keep pace with the broader market, which has seen a 4.23% increase in the same period. This combination of factors suggests that while there may be short-term gains, the long-term outlook remains uncertain, contributing to the stock's fluctuating price movements.