Why is Rishi Laser falling/rising?

As of 25-Jul, Rishi Laser Ltd's stock price is currently at 141.95, reflecting a slight increase of 0.15 (0.11%). The stock has shown a performance today that outperformed its sector by 2.34% and has gained after six consecutive days of decline. However, over the past week, the stock has decreased by 0.73%, and it has underperformed the market with a year-to-date return of -3.34%. Despite the recent uptick, the stock has generated a negative return of -13.71% over the past year, indicating ongoing challenges. The company's attractive valuation, with a return on capital employed (ROCE) of 12.3 and trading at a discount compared to peers, contrasts with its weak long-term fundamentals and declining profits, which have fallen by 5.3% over the past year.
Broader Market Context: In the context of the broader market, Rishi Laser's short-term performance has been less favorable compared to the benchmark, as it has fallen by 0.73% over the past week while the Sensex has only decreased by 0.36%. The engineering sector, to which Rishi Laser belongs, has also seen a decline of 2.21%, contributing to the stock's challenges. Additionally, the stock's liquidity appears to be decreasing, with a significant drop in delivery volume, which may indicate waning investor interest. Overall, while there are some positive indicators, the stock's recent performance reflects a combination of sector-wide pressures and company-specific weaknesses.