Why is Pradeep Metals falling/rising?

As of 26-Aug, Pradeep Metals Ltd. is experiencing a decline in its stock price, currently at Rs 234.00, which reflects a decrease of Rs 6.5 or 2.7%. The stock has underperformed its sector by 0.98% today, touching an intraday low of Rs 231.55, which is a drop of 3.72%. Over the past week, the stock has shown a positive return of 1.83%, but it has significantly underperformed over the past month with a decline of 26.89%. Despite a high return on capital employed (ROCE) of 17.91% and attractive valuations compared to peers, the stock has faced challenges, including a 21.71% drop in returns over the past year and a 5.5% decrease in profits.
In the broader market context, the Sensex has seen a slight decline of 1.05% over the past week, while Pradeep Metals' short-term performance has been relatively better. However, the stock's year-to-date performance is down by 11.28%, contrasting with the Sensex's gain of 3.39%. The liquidity of the stock remains adequate, with a delivery volume increase of 18% against the 5-day average, indicating rising investor participation. Overall, while there are positive factors such as management efficiency and attractive valuations, the recent price movement reflects ongoing challenges in profitability and market sentiment.