Why is Rasi Electrodes falling/rising?

As of 23-Jul, Rasi Electrodes Ltd is experiencing a decline in its stock price, currently at 21.60, which represents a decrease of 0.16 or 0.74%. The stock has recently underperformed its sector by 1.61% and has seen a trend reversal after five consecutive days of gains. Despite a strong performance over the past month with a return of 21.69%, the stock has generated a negative return of 24.10% over the past year, indicating significant underperformance compared to the broader market. The company has a Return on Equity (ROE) of 7.9, which, while attractive in terms of valuation with a Price to Book Value of 1.9, is still indicative of weak long-term fundamental strength. Additionally, the stock's profits have fallen by 14.2%, contributing to its recent price movement.
In the broader market context, the stock's short-term return of 6.30% over the past week significantly outpaces the Sensex's minimal gain of 0.11%. However, the stock's year-to-date performance is concerning, with a decline of 28.12% compared to the Sensex's increase of 5.87%. This stark contrast highlights the stock's struggles relative to the market. The liquidity of the stock appears adequate, as evidenced by a 65.79% increase in delivery volume, but the overall weak long-term growth, as reflected in the flat results and declining net sales, suggests that investors may remain cautious, contributing to the stock's current downward trend.