Why is Rama Steel Tubes falling/rising?

As of 19-Aug, Rama Steel Tubes Ltd is experiencing a price increase, with the current price at 10.79, reflecting a change of 0.18 or 1.7% upward. The stock has shown a consecutive gain over the last two days, rising by 2.37% during this period, and it has outperformed its sector by 0.99%. However, despite this recent uptick, the stock has underperformed over the longer term, with a 9.18% decline over the past month and a 10.46% drop year-to-date. The company has faced challenges, including negative results for the last six consecutive quarters, a significant fall in profit before tax, and a low return on capital employed, which contribute to an expensive valuation. The lack of domestic mutual fund investment further indicates a lack of confidence in the stock's prospects.
In the broader market context, while the stock has gained slightly in the short term, it has lagged behind the benchmark Sensex, which has increased by 1.76% over the past week. The stock's performance has been below par compared to the BSE500 over the last three years, one year, and three months, highlighting its struggles in both short-term and long-term performance. Despite a healthy long-term growth rate in net sales and operating profit, the overall negative sentiment surrounding the company's financial results and valuation concerns may be overshadowing these positive aspects, leading to cautious investor behavior.