Why is Pradeep Metals falling/rising?

As of 10-Sep, Pradeep Metals Ltd. is experiencing a price increase, currently at Rs 216.65, reflecting a rise of Rs 3.65 or 1.71%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline, reaching an intraday high of Rs 222.8, which is a 4.6% increase. However, despite this short-term gain, the stock has underperformed significantly over the past week and month, with returns of -7.63% and -31.73%, respectively. The stock is also trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 21.83% against the five-day average. While the company boasts high management efficiency with a return on capital employed (ROCE) of 17.91% and is trading at a discount compared to its peers, it has also faced challenges, including a 5.5% decline in profits over the past year and poor long-term growth metrics.
Broader market context shows that while Pradeep Metals has outperformed its sector by 0.93% today, it has significantly lagged behind the benchmark Sensex, which has gained 1.06% over the past week. The stock's one-year return of -31.00% starkly contrasts with the broader market's negative return of only -0.61%, highlighting its underperformance. This discrepancy suggests that while there may be short-term fluctuations in price, the overall sentiment around Pradeep Metals remains cautious due to its declining sales growth and negative quarterly results, which have contributed to a lack of investor confidence in the stock's long-term prospects.