Why is Somi Conv.Belt. falling/rising?

As of 30-Jun, Somi Conveyor Beltings Ltd's stock price is currently at 165.40, reflecting an increase of 1.4, or 0.85%. The stock has shown a positive trend recently, gaining 3.41% over the last two days and outperforming its sector by 0.82%. Despite a year-to-date decline of 18.12%, the stock's profits have risen by 20.7%, indicating a potential for recovery. The stock is trading at a discount compared to its peers, with a price-to-book value of 2.7, and has an attractive return on equity (ROE) of 7.7. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 108.07% against the five-day average, suggesting growing interest in the stock.
In the broader market context, Somi Conveyor Beltings Ltd has outperformed the Sensex over the past week, with a return of 5.38% compared to the benchmark's 2.09%. However, over the past month, the stock has underperformed, declining by 8.62% while the Sensex increased by 2.65%. This mixed performance highlights the stock's volatility and potential for recovery, particularly given its strong profit growth and attractive valuation metrics. The liquidity of the stock remains sufficient for trading, which may further support its price movement in the near term.