Why is Shivalik Bimetal falling/rising?

As of 14-Jul, Shivalik Bimetal Controls Ltd is currently priced at 533.20, reflecting a slight increase of 0.1 (0.02%). The stock has shown a trend reversal, gaining after three consecutive days of decline. It is performing inline with its sector today, and the delivery volume has increased by 29.85% compared to the five-day average, indicating rising investor participation. Despite a one-week decline of 4.01%, the stock has appreciated by 9.04% over the past month. However, it has underperformed in the longer term, with a year-to-date return of -7.04% and a one-year return of -19.20%. The company boasts a high return on equity (ROE) of 24.10% and a low debt-to-equity ratio, which are positive indicators, but it also faces challenges such as a flat performance in March and a high price-to-book ratio of 7.6, suggesting it may be overvalued.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 1.40% over the past month. While the stock has shown some recovery in the short term, its long-term performance remains concerning, particularly given its significant decline over the past year compared to the market's modest gains. This underperformance, coupled with a decline in profits of 8.6%, raises questions about the stock's valuation and future growth potential, despite its strong management efficiency and institutional backing.