Why is Vraj Iron falling/rising?

As of 16-Sep, Vraj Iron & Steel Ltd's stock price is currently at 155.55, reflecting an increase of 1.9 or 1.24%. The stock has been gaining for the last three days, with a total return of 1.8% during this period, and it has outperformed its sector by 0.58%. However, despite this short-term positive movement, the stock has shown a significant decline of 38.06% over the past year, with profits also falling by 23%. The company's low debt-to-equity ratio and attractive valuation with a price-to-book value of 1.3 are positive factors, but the poor long-term growth, as evidenced by low net sales and operating profit growth rates, along with negative quarterly results, weigh heavily on investor sentiment.
In the broader market context, Vraj Iron & Steel Ltd's short-term return of 1.77% over the past week slightly outpaces the Sensex's return of 1.58%. However, the stock's year-to-date performance remains concerning, with a decline of 29.13% compared to the Sensex's increase of 5.43%. The falling investor participation, as indicated by a 16.56% drop in delivery volume against the five-day average, suggests a lack of confidence among investors. Additionally, the negligible stake held by domestic mutual funds may indicate a broader skepticism regarding the company's prospects, contributing to the stock's overall underperformance in both the near and long term.