Why is Rasi Electrodes falling/rising?

As of 18-Aug, Rasi Electrodes Ltd is experiencing a price increase, currently at 19.72, reflecting a change of 0.3 or 1.54% upward. The stock has shown a positive trend recently, gaining 4.45% over the last two days, and is performing in line with its sector. However, despite this short-term gain, the stock has underperformed over the past week and month, with returns of -1.65% and -6.10%, respectively. The stock's long-term performance has been concerning, with a year-to-date decline of 34.38% and a one-year return of -32.77%. The company has an attractive valuation with a Price to Book Value of 1.8, but its profits have fallen by 22.3% over the past year, which may contribute to investor caution.
In the broader market context, the Sensex has shown a positive return of 0.83% over the past week, contrasting with Rasi Electrodes' decline. While the stock's recent gains may indicate a temporary rebound, its long-term performance remains weak, as evidenced by a significant underperformance compared to the market over the last year. The stock's liquidity appears sufficient for trading, but the majority of shareholders are non-institutional, which could impact stability. Overall, the stock's recent rise seems to be a short-term reaction amidst a backdrop of longer-term challenges and underperformance relative to the broader market.