Why is National Standar falling/rising?

As of 15-Jul, National Standard (India) Ltd's stock price is currently at Rs 2,527.90, reflecting an increase of Rs 27.9 or 1.12%. The stock has shown some positive movement today, gaining after two consecutive days of decline, and opened with a 2% gain. It reached an intraday high of Rs 2,609.95, which is a 4.4% increase. However, the stock is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent uptick, the stock has significantly underperformed over the longer term, with a year-to-date decline of 42.15% and a 1-year return of -46.71%. The company's low return on equity (ROE) of 6.09% and poor management efficiency contribute to its valuation concerns, as does the fact that domestic mutual funds hold no stake in the company, indicating a lack of confidence in its prospects.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight gain of 1.79% over the past month. While National Standard's stock has outperformed its sector by 0.36% today, its longer-term performance has been lackluster, with a consistent underperformance against the benchmark over the last three years. The stock's liquidity appears adequate for trading, but the significant decline in profits and the reliance on non-operating income raise concerns about its sustainability. Overall, while there are short-term gains, the long-term outlook remains challenging, influenced by poor financial metrics and a lack of institutional support.