Why is Pradeep Metals falling/rising?

As of 14-Nov, Pradeep Metals Ltd. is experiencing a decline in its stock price, currently at Rs 246.00, which reflects a decrease of Rs 7.7 or 3.04%. The stock has been underperforming, having fallen consecutively for the last two days with a total return of -4.69% during this period. Today's trading saw the stock reach an intraday high of Rs 260 but also dip to a low of Rs 240. Additionally, the stock's performance over the past week has been flat, and it has underperformed its sector by 3.36%. Despite a strong historical performance over three and five years, recent returns show a decline of 6.73% year-to-date and a slight drop of 2.36% over the past year, indicating challenges in maintaining growth.
Broader market context reveals that while the Sensex has gained 1.62% over the past week and 8.22% year-to-date, Pradeep Metals has not kept pace, highlighting its struggles in the current market environment. The company's high debt-equity ratio of 3.47 and low inventory turnover ratio of 0.46 times suggest operational inefficiencies that may be contributing to investor concerns. Furthermore, the stock's recent poor performance, coupled with a decline in investor participation and a significant drop in delivery volume, indicates a lack of confidence among traders. Despite attractive valuations and high management efficiency, the overall sentiment remains negative due to flat results and underperformance compared to broader market indices.