Why is Mah. Seamless falling/rising?

As of 15-Sep, Maharashtra Seamless Ltd's stock price is currently at 641.40, reflecting an increase of 13.25 or 2.11%. The stock has shown a trend reversal by gaining after three consecutive days of decline, outperforming its sector by 1.24% today. The stock reached an intraday high of Rs 643.6, and there has been a notable increase in investor participation, with delivery volume rising by 92.85% against the five-day average. Despite a year-to-date decline of 8.23%, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 16.93% and operating profit at 17.21%. However, it is trading at a premium compared to its peers, and while profits have risen slightly, the stock has generated a negative return over the past year.
In the broader market context, Maharashtra Seamless Ltd's short-term performance over the past week shows a modest gain of 0.39%, while the benchmark Sensex has increased by 1.24%. This indicates that the stock is lagging behind the broader market in the short term. Additionally, institutional investors have increased their stake, which may provide some support for the stock's price. However, the company has faced challenges, including flat results in the last quarter and a low return on capital employed, which could weigh on investor sentiment. Overall, while the stock is experiencing a short-term rise, its longer-term performance remains mixed against both its historical performance and the broader market.