Why is Rasi Electrodes falling/rising?

As of 04-Jul, Rasi Electrodes Ltd is currently priced at 19.89, reflecting an increase of 0.38 or 1.95%. The stock has shown a positive trend recently, gaining for the last four days and achieving an overall return of 8.1% during this period. Despite this short-term gain, the stock has underperformed over the past month with a decline of 3.31%. The company has a return on equity (ROE) of 7.9, indicating an attractive valuation with a price to book value of 1.8, although its profits have decreased by 14.2% over the past year. Additionally, the stock's delivery volume has fallen by 26.8% against the five-day average, suggesting a decrease in investor participation.
In the broader market context, Rasi Electrodes has outperformed the Sensex by 1.8% today, while the benchmark has declined by 0.74% over the past week. However, the stock has significantly lagged behind the market over the past year, with a return of -35.00% compared to the Sensex's gain of 4.23%. This underperformance highlights the stock's weak long-term fundamental strength, as evidenced by a poor growth rate in net sales and a flat performance in recent financial results. Overall, while the stock is experiencing a short-term rise, its long-term outlook remains concerning, contributing to a mixed sentiment among investors.