Why is Rathi Bars falling/rising?

As of 29-Aug, Rathi Bars Ltd is experiencing a price increase, currently at Rs 30.24, reflecting a rise of Rs 1.17 or 4.02%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and today it outperformed its sector by 4.91%. Despite this positive movement, the stock is still close to its 52-week low, just 4.1% away from Rs 29. Over the past year, Rathi Bars has generated a significant return of -40.18%, with profits declining by 15.6%. The stock's valuation appears attractive with a Return on Capital Employed (ROCE) of 4.8, and it is trading at a discount compared to its peers. However, the company faces challenges with weak long-term fundamentals, including a high Debt to EBITDA ratio and below-par growth in net sales and operating profit.
In the broader market context, Rathi Bars' short-term performance has been relatively better than the benchmark, as it gained 0.70% over the past week while the Sensex declined by 1.84%. However, the stock has underperformed the benchmark over longer periods, with a year-to-date return of -32.86% compared to the Sensex's 2.14% increase. The falling investor participation, indicated by a significant drop in delivery volume, suggests a lack of confidence among investors, which could impact future price movements. Overall, while the recent price increase may indicate some positive sentiment, the underlying fundamentals and broader market performance present a mixed outlook for Rathi Bars Ltd.