Why is Rasi Electrodes falling/rising?

As of 10-Jul, Rasi Electrodes Ltd's stock price is currently at 20.50, reflecting an increase of 0.26 or 1.28%. The stock has shown a positive performance today, outperforming its sector by 0.64%. In terms of recent returns, Rasi Electrodes has gained 5.07% over the past week and 5.34% over the past month, while it has struggled significantly over the year with a decline of 34.71%. Despite these short-term gains, the stock's long-term performance remains concerning, with a year-to-date drop of 31.78% and a negative return of 34.71% over the last year. The company has an attractive valuation with a Price to Book Value of 1.8, but its profits have decreased by 14.2%, indicating underlying weaknesses that may affect investor sentiment.
In the broader market context, the Sensex has remained relatively stable, with a slight decline of 0.06% over the past week and a modest increase of 0.97% over the past month. While Rasi Electrodes has outperformed the sector recently, its long-term fundamentals are weak, as evidenced by a low average Return on Equity (ROE) of 7.33% and stagnant net sales growth over the past five years. The stock's significant underperformance compared to the broader market, which has generated a return of 1.46% over the last year, highlights the challenges it faces in regaining investor confidence despite recent short-term gains.