Why is Ratnamani Metals falling/rising?

As of 15-Sep, Ratnamani Metals & Tubes Ltd is experiencing a price increase, currently at 2,414.00, reflecting a rise of 29.0 or 1.22%. The stock has shown a positive trend recently, gaining 2.39% over the last three days and outperforming its sector by 0.35% today. However, despite these short-term gains, the stock has underperformed significantly over the longer term, with a year-to-date decline of 24.18% and a one-year drop of 36.41%. Key factors influencing this movement include a high management efficiency indicated by a return on equity (ROE) of 16.53% and a low debt-to-equity ratio of 0.01 times, which suggest a solid financial foundation. Conversely, the stock faces challenges with a low return on capital employed (ROCE) of 20.44% and declining net sales, which fell by 11.2% compared to the previous four-quarter average, contributing to its overall negative performance.
In the broader market context, Ratnamani's short-term return of 2.00% over the past week is slightly below the benchmark Sensex's return of 1.24%, indicating a modest outperformance. However, the stock's long-term performance remains concerning, as it has lagged behind the BSE500 over the past three years, one year, and three months. The stock's valuation appears expensive with a price-to-book value of 4.7, and while it trades at a discount compared to peers, the overall sentiment is dampened by falling profits and a significant drop in investor participation, as evidenced by an 80.23% decline in delivery volume against the five-day average.