Why is Shivalik Bimetal falling/rising?

As of 29-Jul, Shivalik Bimetal Controls Ltd is experiencing a decline in its stock price, currently at 522.40, reflecting a decrease of 1.6 or 0.31%. The stock has been underperforming, having fallen consecutively for the last three days with a total return of -8.55% during this period. In terms of longer-term performance, the stock has seen a significant drop of 20.12% over the past year, while the broader market has remained relatively stable with a slight decline of 0.02%. Despite some positive indicators such as high management efficiency with a return on equity (ROE) of 24.10% and healthy long-term growth in operating profit, the stock's valuation appears expensive with a price-to-book ratio of 7.4, which may deter investors.
In the broader market context, Shivalik Bimetal's short-term performance has been notably worse than the benchmark, as it has declined by 7.19% over the past week compared to the Sensex's drop of only 1.03%. This underperformance is compounded by the company's flat results reported in March and a significant profit decline of 8.6% over the past year, which has contributed to investor concerns. Although there has been a rise in investor participation, as indicated by a 98.85% increase in delivery volume, the overall sentiment remains cautious due to the stock's recent trends and its inability to keep pace with market performance.