Why is Grindwell Norton falling/rising?

As of 07-Aug, Grindwell Norton Ltd. is currently priced at 1,495.20, reflecting an increase of 8.0 points or 0.54%. Despite this uptick, the stock has shown a negative performance over the past week, down 2.91%, and has significantly underperformed over the last month and year, with declines of 13.97% and 38.60%, respectively. Today's trading activity indicates a positive trend, as the stock outperformed its sector by 1.9%, and there has been a notable increase in delivery volume, rising by 88.14% against the five-day average. However, the stock is trading below its moving averages across various time frames, which could indicate underlying weakness. While the company boasts high management efficiency and low debt levels, it faces challenges such as poor long-term growth and a high valuation relative to its earnings.
In the broader market context, Grindwell Norton has underperformed the Sensex, which has seen a modest decline of 0.69% over the past week, while Grindwell's performance has been significantly worse. The stock's long-term returns have also lagged behind the benchmark, with a 22.26% decline year-to-date compared to the Sensex's gain of 3.18%. This disparity highlights the stock's struggles in both short-term and long-term performance metrics, suggesting that while there may be some positive movements in the current trading session, the overall outlook remains challenging given its historical performance and valuation concerns.