Why is Maithan Alloys falling/rising?

As of 04-Jul, Maithan Alloys Ltd. is currently priced at 1,216.85, reflecting a slight increase of 1.7 (0.14%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a recent drop in delivery volume by 35.12% compared to the 5-day average, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a relatively stable performance. Over the past month, the stock has increased by 8.41%, outperforming the Sensex, which rose by 3.01%. However, the stock has underperformed over the past year with a return of -3.40%, even as profits surged by 80.6%, suggesting an attractive valuation with a PEG ratio of 0.1 and a low debt-to-equity ratio.
In the broader market context, Maithan Alloys' short-term performance has been better than the benchmark, as it has gained 8.41% over the past month compared to the Sensex's 3.01%. This indicates that the stock is performing well relative to the market, despite its recent fluctuations. The company's strong fundamentals, including a return on equity of 16.8 and a price-to-book value of 0.9, contribute positively to investor sentiment, although the falling investor participation may raise concerns about liquidity. Overall, while the stock is experiencing a slight rise, its long-term performance remains a point of caution for investors.