Why is Pradeep Metals falling/rising?

As of 14-Aug, Pradeep Metals Ltd. is experiencing a decline in its stock price, currently at Rs 235.60, which reflects a decrease of Rs 12.95 or 5.21%. The stock has underperformed its sector by 4.96% today, reaching an intraday low of Rs 228.05, which is an 8.25% drop. Over the past week, the stock has seen a significant decline of 22.63%, and its performance over the past month shows a decrease of 33.28%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The delivery volume has also fallen sharply by 54% compared to the 5-day average, suggesting reduced investor participation. Despite a high return on capital employed (ROCE) of 17.91% and attractive valuations compared to peers, the stock's profits have declined by 5.5% over the past year, contributing to its negative performance.
In the broader market context, Pradeep Metals' recent performance contrasts sharply with the Sensex, which has only decreased by 0.03% over the past week and has gained 3.15% year-to-date. This indicates that the stock's short-term decline is significantly more pronounced than the overall market trend. While the company has shown strong historical returns over longer periods, such as a 115.06% increase over three years, the recent downturn suggests that investors are reacting to current challenges rather than long-term potential. The combination of high volatility, falling investor interest, and poor short-term returns compared to the benchmark has contributed to the stock's downward movement.