Why is Sarthak Metals falling/rising?

As of 16-Jul, Sarthak Metals Ltd's stock price is currently at Rs 125.00, reflecting an increase of Rs 4.7 or 3.91%. The stock has shown a positive performance today, outperforming its sector by 4.39%, and reached an intraday high of Rs 126.65, which is a 5.28% increase. Over the past week, the stock has gained 1.21%, while its one-month return stands at 1.87%. Despite these short-term gains, the stock has faced significant challenges in the long term, with a year-to-date decline of 21.09% and a one-year return of -35.63%. The company has been reporting negative results for the last nine consecutive quarters, with net sales and operating profit showing substantial declines. Additionally, while the company has a high return on equity (ROE) of 24.51% and a low debt-to-equity ratio, its overall financial performance has been poor, contributing to its recent price movements.
In the broader market context, Sarthak Metals' short-term performance contrasts with the benchmark Sensex, which has declined by 1.08% over the past week. The stock's ability to rise today may be attributed to increased investor participation, as evidenced by a 5.38% rise in delivery volume compared to the five-day average. However, the stock's long-term underperformance, with a three-year return of +18.20% compared to the Sensex's +53.71%, highlights ongoing concerns about its growth prospects. The company's negative financial indicators, including a significant drop in profits and sales, suggest that while there may be short-term gains, the long-term outlook remains bleak, which could impact investor sentiment moving forward.