Why is Rane (Madras) falling/rising?

As of 29-Jul, Rane (Madras) Ltd's stock price is currently at 838.50, reflecting an increase of 7.5, or 0.9%. The stock has gained after three consecutive days of decline, although it underperformed its sector by 0.58% today. Over the past week, the stock has decreased by 5.99%, and over the past month, it has fallen by 7.16%. Despite these short-term declines, the company has shown healthy long-term growth with an annual operating profit increase of 50.01%. Recent positive results for March 2025, including significant growth in profit before tax and profit after tax compared to previous quarters, may have contributed to the recent uptick in stock price. However, the stock's performance over the past year remains negative at -7.25%, with profits down by 89.2%, indicating underlying challenges.
In the broader market context, the Sensex has decreased by 1.03% over the past week and 3.24% over the past month, suggesting that the stock's short-term performance is worse than the benchmark. While Rane (Madras) Ltd has shown a strong return of 123.93% over the last three years, its recent performance indicates a struggle against both market trends and investor participation, which has fallen significantly. The stock is currently trading at a discount compared to its peers, which may attract some investors looking for value, but the overall negative sentiment and declining delivery volume could hinder its recovery in the short term.