Why is Rasi Electrodes falling/rising?

As of 19-Aug, Rasi Electrodes Ltd's stock price is currently at 19.85, reflecting an increase of 0.13 or 0.66%. The stock has been gaining for the last three days, with a total return of 5.14% during this period. However, it has underperformed its sector by 0.71% today. Despite this recent uptick, the stock has shown a significant decline over the past year, with a return of -40.92%, while its profits have decreased by 22.3%. The stock's valuation appears attractive with a Price to Book Value of 1.8, but the average Return on Equity (ROE) of 8.4 indicates weak long-term fundamental strength. Additionally, the delivery volume has fallen by 51.29% against the 5-day average, suggesting decreasing investor participation.
In the broader market context, Rasi Electrodes has outperformed the benchmark Sensex in the short term, with a weekly return of 3.66% compared to the Sensex's 1.76%. However, the stock's year-to-date performance is concerning, showing a decline of 33.94% against the Sensex's gain of 4.49%. This underperformance highlights the challenges the company faces, particularly given its flat results in June and a significant drop in net sales. Overall, while there is a short-term positive movement in the stock price, the long-term outlook remains weak, contributing to investor caution.