Why is Sarthak Metals falling/rising?

As of 14-Jul, Sarthak Metals Ltd's stock price is currently at 125.00, reflecting an increase of 2.0, or 1.63%. The stock has outperformed its sector today by 1.76%, although it is trading higher than the 20-day, 50-day, and 100-day moving averages, but lower than the 5-day and 200-day moving averages. Despite this positive movement, the stock has experienced a significant decline in long-term performance, with a year-to-date return of -21.09% and a one-year return of -34.21%. The company has reported negative results for the last nine consecutive quarters, with net sales and operating profit showing substantial declines, which raises concerns about its long-term growth prospects. Additionally, while the company boasts a high return on equity (ROE) of 24.51%, its overall financial health is undermined by a low return on capital employed (ROCE) of 6.72% and a high price-to-book value ratio compared to peers.
In the broader market context, Sarthak Metals' short-term performance has been relatively better than the benchmark, as it has gained 0.56% over the past week while the Sensex has declined by 1.42%. However, the stock's long-term performance remains concerning, as it has underperformed against the BSE500 over the last three years, one year, and three months. The falling investor participation, indicated by a significant drop in delivery volume, further complicates the stock's outlook. Overall, while there are some positive short-term indicators, the persistent negative financial results and poor long-term growth prospects contribute to a challenging environment for Sarthak Metals Ltd.