Why is Manaksia Steels falling/rising?

As of 15-Jul, Manaksia Steels Ltd is currently priced at 64.26, reflecting a slight increase of 0.16 (0.25%). The stock has shown a positive trend recently, gaining after two consecutive days of decline. Over the past week, it has outperformed the Sensex with a return of +3.98% compared to the benchmark's -1.36%. However, there are concerns regarding falling investor participation, as the delivery volume decreased by 38% against the 5-day average. Despite a strong one-year return of 15.16%, the company faces challenges with 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.
Broader market context shows that while Manaksia Steels has performed well in the short term, the overall market, represented by the Sensex, has been relatively stable with a return of +1.79% over the past month. The stock's recent performance may be buoyed by its market-beating returns, but the underlying financial metrics, such as low profitability and high valuation compared to peers, suggest caution. The stock's liquidity remains adequate, allowing for trading, but the overall sentiment may be tempered by the company's declining operating profits and flat results in recent financial periods.