Why is Sarthak Metals falling/rising?

As of 08-Jul, Sarthak Metals Ltd is currently priced at 126.50, reflecting an increase of 2.2 or 1.77%. The stock has shown a performance today that outperformed its sector by 0.97%, reaching an intraday high of Rs 133, which is a 7% increase. However, despite this short-term rise, the stock has a concerning long-term trajectory, with a year-to-date decline of 20.14% and a one-year return of -34.63%. The company has faced significant challenges, including a poor growth rate in net sales and operating profit over the past five years, leading to negative results for the last nine consecutive quarters. Additionally, while the company boasts a high return on equity (ROE) of 24.51%, it also has a very expensive valuation compared to its peers, which may deter potential investors.
In the broader market context, Sarthak Metals has outperformed the Sensex in the short term, with a 1-week return of +2.43% compared to the benchmark's +0.02%. However, this short-term performance contrasts sharply with its long-term underperformance, as evidenced by its negative returns over the past year and three years. The stock's liquidity appears adequate for trading, but falling investor participation, as indicated by an 18.08% decrease in delivery volume, raises concerns about sustained interest. Overall, while there is a slight uptick in the stock price today, the underlying financial health and long-term growth prospects remain troubling, suggesting that the recent rise may not be indicative of a fundamental recovery.