Why is Shivalik Bimetal falling/rising?

As of 04-Aug, Shivalik Bimetal Controls Ltd is experiencing a decline in its stock price, currently at Rs 531.15, which reflects a decrease of Rs 7.9 or 1.47%. Today's price summary indicates that the stock underperformed its sector by 4.32%, with an intraday low of Rs 523.5, marking a drop of 2.88%. Over the past week, the stock has shown a modest gain of 1.36%, but it has struggled in the longer term, with a year-to-date decline of 7.39% and a significant drop of 17.40% over the past year. Despite these challenges, the company exhibits strong fundamentals, including a high return on equity of 24.10%, a low debt-to-equity ratio of 0.10, and healthy long-term growth in operating profit at an annual rate of 44.23%. Additionally, high institutional holdings at 24.15% suggest confidence from more sophisticated investors.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a slight increase of 0.16% over the past week, while the stock has underperformed. The sector of Steel/Sponge Iron/Pig Iron has gained by 2.9%, indicating a positive trend in the industry that Shivalik Bimetal is not fully capitalizing on. However, rising investor participation, as evidenced by a 25.68% increase in delivery volume, may provide some support for the stock moving forward. Overall, while the company has strong fundamentals, its recent price movement reflects a combination of sector underperformance and broader market trends that have not favored its stock.