Why is Vraj Iron falling/rising?

As of 10-Sep, Vraj Iron & Steel Ltd is currently priced at 153.00, reflecting a slight increase of 0.15 (0.1%). The stock has been gaining for the last two days, with a total return of 0.53% during this period. However, it has underperformed significantly over the longer term, with a 1-month return of -8.44% and a year-to-date return of -30.30%. The company's low debt-to-equity ratio and attractive valuation with a return on equity of 11.1 may provide some support, but the recent financial results indicate a concerning trend, with profits falling by 23% over the past year and a significant decline in both profit before tax and profit after tax in the latest quarter. Additionally, the stock has seen a drop in investor participation, with delivery volume decreasing by 53.4% compared to the 5-day average.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of +0.23% compared to the Sensex's +1.06%. This underperformance is compounded by the fact that domestic mutual funds hold no stake in the company, which may suggest a lack of confidence in its future prospects. Overall, while there is a minor uptick in the stock price recently, the long-term growth concerns and poor recent financial performance overshadow this movement, indicating a challenging outlook for Vraj Iron & Steel Ltd.