Why is Ratnamani Metals falling/rising?

As of 23-Sep, Ratnamani Metals & Tubes Ltd is experiencing a price increase, currently at Rs 2,449.00, reflecting a rise of 33.05 or 1.37%. The stock has shown a consecutive gain over the last two days, with a total return of 1.44% during this period. It reached an intraday high of Rs 2,486, indicating positive momentum. Despite this short-term gain, the stock has underperformed over the longer term, with a year-to-date decline of 23.08% and a one-year return of -32.89%. Positive factors contributing to the recent price movement include high management efficiency, a low debt-to-equity ratio, and healthy long-term growth in operating profit. However, negative factors such as a significant drop in net sales and profit before tax compared to previous quarters, along with a relatively high price-to-book value, suggest caution.
In the broader market context, the stock's short-term performance of +1.03% over the past week contrasts with the Sensex, which has declined by 0.34% during the same period. This indicates that Ratnamani Metals is outperforming the benchmark in the short term, which may be attracting investor interest. However, the stock's long-term performance remains concerning, as it has lagged behind the BSE500 index over the past three years, one year, and three months. The high institutional holdings suggest that more sophisticated investors are monitoring the stock closely, which could influence its future performance.