Why is Vraj Iron falling/rising?

As of 22-Sep, Vraj Iron & Steel Ltd's stock price is currently at Rs 157.10, reflecting an increase of Rs 1.85 or 1.19%. The stock has shown a positive trend recently, gaining 2.55% over the last two days and outperforming its sector by 1.56% today. Despite this short-term gain, the stock has a negative year-to-date return of -28.43% and a one-year return of -36.07%, indicating significant underperformance over a longer period. The company's low Debt to Equity ratio and attractive valuation with a Price to Book Value of 1.3 suggest some financial stability; however, the decline in profits by -23% over the past year and poor long-term growth metrics raise concerns about its sustainability.
In the broader market context, Vraj Iron & Steel's recent performance contrasts with the Sensex, which has gained 5.15% year-to-date. While the stock has outperformed the benchmark in the short term, its longer-term returns are concerning, especially given that it has underperformed the BSE500 over the last three years and one year. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the company's future prospects, further contributing to the stock's volatility and mixed performance.