Why is Sahyadri Industr falling/rising?

As of 02-Sep, Sahyadri Industries Ltd is experiencing a price increase, with its current price at 260.15, reflecting a rise of 5.15 or 2.02%. The stock has shown a positive performance today, outperforming its sector by 0.59% and achieving a consecutive gain over the last two days, with a total return of 7.43% during this period. Despite this recent uptick, the stock is trading below its moving averages across various time frames, indicating a longer-term downward trend. Additionally, the stock has underperformed significantly over the past year, with a decline of 26.58%, and its profits have decreased by 25.3%. However, the company demonstrates high management efficiency with a return on capital employed (ROCE) of 16.93% and a low debt-to-EBITDA ratio of 0.94, suggesting a strong ability to service its debt, which could positively influence investor sentiment.
In the broader market context, Sahyadri Industries has shown a short-term return of -0.33% over the past week, which is better than the benchmark Sensex, which declined by 0.78%. However, over the longer term, the stock has consistently underperformed against the benchmark, particularly over the last three years, where it has generated negative returns while the Sensex has increased. This consistent underperformance, coupled with flat quarterly results and poor long-term growth prospects, may weigh on investor confidence despite the recent price increase. The liquidity of the stock remains adequate for trading, but a significant drop in delivery volume indicates falling investor participation, which could hinder sustained upward momentum.