Why is Rasi Electrodes falling/rising?

As of 14-Aug, Rasi Electrodes Ltd is experiencing a price increase, currently at 19.42, reflecting a change of 0.54 or 2.86% upward. The stock has shown a performance today that outperformed its sector by 3.47% and has gained after two consecutive days of decline. However, despite this recent uptick, the stock has underperformed over the past month with a return of -0.51% and a significant year-to-date decline of -35.37%. The stock's return on equity (ROE) stands at 8.4, indicating an attractive valuation with a price-to-book value of 1.8, yet its profits have fallen by 22.3% over the past year, contributing to a challenging outlook.
In the broader market context, while the Sensex has remained relatively stable with a slight decline of -0.03% over the past week, Rasi Electrodes has outperformed this benchmark significantly in the same period with a return of +7.12%. However, the stock's long-term performance remains concerning, having underperformed the market over the last year with a return of -34.39% compared to the BSE500's -0.57%. This stark contrast highlights the stock's weak long-term fundamental strength, which, combined with a flat sales result and declining investor participation, suggests that the recent price increase may not be sustainable without a significant improvement in its financial performance.