Why is Manaksia Steels falling/rising?

As of 14-Jul, Manaksia Steels Ltd's stock price is currently at Rs 64.10, reflecting a decrease of Rs 2.58 or 3.87%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.92%. Despite this recent downturn, the stock has shown a positive performance over the past week and month, with returns of 5.46% and 6.35%, respectively. However, the company faces challenges, including a weak long-term fundamental strength indicated by a -2.66% CAGR growth in operating profits over the last five years and a significant drop in profits by 64.4% over the past year. This has contributed to the stock trading at a premium compared to its peers, which may deter some investors.
In the broader market context, while Manaksia Steels has outperformed the benchmark Sensex with a 14.96% return over the past year compared to the Sensex's 2.15%, its recent performance has been less favorable. The stock's performance today has underperformed its sector by 3.84%, which may reflect investor concerns regarding its profitability and valuation amidst a backdrop of rising investor participation and liquidity. The mixed signals from the stock's historical performance and current financial metrics suggest that while there is potential for recovery, the immediate outlook appears challenging.