Why is Vraj Iron falling/rising?

As of 15-Sep, Vraj Iron & Steel Ltd's stock price is currently at 153.65, reflecting a slight increase of 0.15 (0.1%). The stock has been gaining over the last two days, with a total return of 0.56% during this period. However, it has underperformed its sector by 0.77% today. Despite being higher than the 5-day and 20-day moving averages, the stock remains below the 50-day, 100-day, and 200-day moving averages. The company has a low debt-to-equity ratio and an attractive valuation with a return on equity of 11.1 and a price-to-book value of 1.3. Nonetheless, the stock has seen a significant decline of 40.66% over the past year, coinciding with a 23% drop in profits. Additionally, domestic mutual funds hold no stake in the company, indicating a lack of confidence in its performance.
In the broader market context, Vraj Iron's short-term return of 0.95% over the past week is lower than the Sensex's return of 1.24% during the same period. The stock's performance has been below par in both the long term and near term, as it has underperformed the BSE500 over the last three years, one year, and three months. This underperformance, coupled with declining investor participation and negative financial results, suggests that the stock's recent gains may not be sustainable in the face of broader market trends.