Why is Rajratan Global falling/rising?

As of 10-Nov, Rajratan Global Wire Ltd's stock price is currently at Rs 476.70, reflecting a decrease of 1.95 points or 0.41%. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. Today, it opened with a gain of 2.8% but reached a day's high of Rs 492.05 before dropping to a low of Rs 454.6, indicating significant intraday volatility. Over the past week, the stock has outperformed the Sensex with a return of 5.73% compared to the benchmark's decline of 0.53%. However, the stock's year-to-date performance shows a decline of 1.58%, while its one-year return is down by 13.00%. Despite these challenges, the company has shown high management efficiency with a return on capital employed (ROCE) of 18.20%, and it recently reported positive results after four quarters of losses, which could support its valuation.
In the broader market context, while Rajratan Global has underperformed its sector by 1.68% today, its recent positive financial results may provide some resilience against the backdrop of a generally stable market, as indicated by the Sensex's 1.25% gain over the past month. The stock's liquidity remains adequate, with a delivery volume increase of 4.24% against the five-day average, suggesting rising investor participation. However, the stock's longer-term performance remains concerning, with a significant decline of 49.21% over three years, contrasting sharply with the Sensex's gain of 37.82% during the same period. This disparity highlights the challenges faced by Rajratan Global in maintaining investor confidence despite recent improvements in operational performance.