Why is Mah. Seamless falling/rising?

As of 24-Sep, Maharashtra Seamless Ltd is currently priced at 605.00, reflecting an increase of 3.95 (0.66%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Today, it outperformed its sector by 0.79% and reached an intraday high of Rs 629.25, indicating positive momentum. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a longer-term bearish trend. Despite a year-to-date return of -13.44%, 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%. The low debt-to-equity ratio of 0.07 and a fair valuation with a Price to Book Value of 1.3 further support the stock's fundamentals, although it is trading at a premium compared to its peers.
In the broader market context, Maharashtra Seamless has underperformed the Sensex, which has gained 4.58% year-to-date, while the stock has declined by 13.44%. Over the past week, the stock has dropped by 4.04%, contrasting with the Sensex's decline of only 1.18%. The increase in institutional investor participation, with a 0.91% rise in stake over the previous quarter, indicates growing confidence among more knowledgeable investors. However, the company has faced challenges, including flat results in June 2025 and a low return on capital employed (ROCE) of 15.82%, which may contribute to its underperformance in the near term. Overall, while there are positive indicators for the stock, the recent price movements reflect a complex interplay of short-term volatility and longer-term growth potential.