Why is Raw Edge Indust. falling/rising?

As of 27-Jun, Raw Edge Industrial Solutions Ltd is experiencing a price increase, with the current price at Rs 24.55, reflecting a rise of Rs 1.46 or 6.32%. Today's performance indicates a positive trend, as the stock has gained after two consecutive days of decline, opening with a gain of 3.64% and reaching an intraday high of Rs 26.67, which is a 15.5% increase. However, despite this short-term uptick, the stock has shown a significant decline over the past month, down 9.68%, and a year-to-date drop of 37.36%. The stock's valuation appears attractive with a return on capital employed (ROCE) of 3.2 and a low enterprise value to capital employed ratio of 1.1, but it has also faced challenges, including a 46% decline in profits over the past year and a high debt to EBITDA ratio of 6.63 times, indicating weak long-term fundamentals.
Broader market context shows that Raw Edge Industrial Solutions Ltd has outperformed the sector by 5.59% today, while the benchmark Sensex has increased by 2.00% over the past week. Despite this outperformance in the short term, the stock has significantly underperformed the benchmark over longer periods, with a year-over-year return of -34.76% compared to the Sensex's 6.08%. This disparity highlights the stock's volatility and the challenges it faces in maintaining investor confidence, particularly given its declining operating profits and low return on equity.