Why is Shivalik Bimetal falling/rising?

As of 24-Jul, Shivalik Bimetal Controls Ltd's stock price is rising, currently at Rs 571.25, reflecting an increase of Rs 16.1 or 2.9%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and today it outperformed its sector by 2.57%. Over the past week, the stock has experienced a decline of 3.41%, but it has performed well over the past month with a return of 16.93%. Despite a significant drop in delivery volume by 61.88% compared to the 5-day average, the stock remains liquid enough for trading. The company's high management efficiency, indicated by a return on equity (ROE) of 24.10%, and healthy long-term growth with an annual operating profit increase of 44.23% contribute positively to its recent price movement. However, the stock's valuation appears expensive with a price-to-book value of 8.1, and it has underperformed the market over the past year, generating a return of -13.97%.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex, which has only seen a slight decline of 0.09% over the past week. While the stock has shown resilience in the short term, its year-to-date performance remains negative at -0.40%, compared to the Sensex's positive return of 5.18%. This underperformance over the last year, coupled with flat results reported in March 2025 and a decline in profits by 8.6%, suggests that while the stock is currently rising, it faces challenges that could impact its future performance relative to the broader market.