Why is Ratnamani Metals falling/rising?

As of 27-Oct, Ratnamani Metals & Tubes Ltd is experiencing a price increase, currently at Rs 2,567.40, reflecting a rise of Rs 123.2 or 5.04%. The stock has shown strong performance recently, gaining 10.61% over the past week and outperforming its sector by 3.95% today. It has been on a consecutive gain streak for the last four days, with an intraday high of Rs 2,749.95, indicating positive momentum. Despite a long-term decline with a year-to-date return of -19.36% and a one-year return of -25.56%, the company benefits from high management efficiency, a low debt-to-equity ratio, and healthy long-term growth in operating profit, which has grown at an annual rate of 16.86%. However, it is also facing challenges, including a significant drop in net sales and profit before tax compared to previous quarters, which raises concerns about its valuation and overall performance.
In the broader market context, Ratnamani Metals has outperformed the Sensex, which has only increased by 0.49% over the past week. While the stock's short-term performance is encouraging, its long-term returns remain below par, having underperformed the BSE500 over various time frames. The high institutional holdings at 29.96% suggest that knowledgeable investors are backing the stock, which may provide some stability. However, the stock's recent gains must be viewed in light of its overall negative performance in the past year, indicating that while there is short-term optimism, long-term challenges persist.