Why is Shera Energy falling/rising?

As of 11-Sep, Shera Energy Ltd is currently priced at Rs 133.05, reflecting an increase of 0.45 or 0.34%. Despite this slight uptick, the stock has underperformed in the short term, with a 1-week return of -2.31% and a 1-month return of -4.96%. The stock is trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.55% away from Rs 127. The recent performance has been characterized by a significant drop in investor participation, with delivery volume falling by 66.67% against the 5-day average. However, the company has shown strong financial results over the last three quarters, with a 74.80% growth in PAT and a 21.2% increase in net sales, suggesting underlying strength that may support the stock price.
In the broader market context, the Sensex has performed positively, gaining 1.10% over the past week and 1.71% over the past month, contrasting sharply with Shera Energy's declines. This divergence highlights the stock's struggles relative to the overall market. While the company boasts a high return on capital employed (ROCE) of 20.06% and an attractive valuation compared to peers, the negative sentiment reflected in its recent stock performance indicates that investors may be cautious despite the positive financial metrics. The stock's year-to-date return of -28.64% further emphasizes the challenges it faces in gaining traction in a rising market.