Why is Prince Pipes falling/rising?

As of 07-Jul, Prince Pipes & Fittings Ltd is experiencing a slight increase in its stock price, currently at 364.25, reflecting a change of 0.45 or 0.12% upward. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -0.98% compared to a -0.20% decline in the Sensex. Over the past month, however, it has performed better with an increase of 8.98%, while the Sensex rose by 1.53%. The stock's performance is characterized by high management efficiency, indicated by a return on capital employed (ROCE) of 17.99%, and a low debt-to-equity ratio. However, the company has faced challenges, including negative results for the last four consecutive quarters and a significant decline in operating profit over the past five years, which has contributed to a poor long-term growth outlook.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has consistently underperformed against the BSE500 over the last three years, generating a return of -47.50% in the past year while the benchmark has increased by 4.31%. The decline in investor participation, with a 38% drop in delivery volume, suggests waning interest, which may further impact the stock's price movement. Despite being liquid enough for trading, the stock's valuation appears expensive relative to its fundamentals, particularly given its low ROCE of 3.1 and a significant drop in profits over the past year. This combination of factors indicates that while there may be short-term gains, the long-term outlook remains challenging for Prince Pipes & Fittings Ltd.