Why is 3M India falling/rising?

As of 24-Jul, 3M India Ltd. is experiencing a price increase, currently at ₹31,678.50, reflecting a rise of ₹103.5 or 0.33%. The stock has shown strong performance recently, gaining 5.99% over the last four days and outperforming its sector by 0.89% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, despite these short-term gains, the company has faced challenges, including a significant decline in profit after tax for the quarter, which fell by 55.7%, and a low earnings per share of ₹63.33. Additionally, while the stock has a high return on equity of 19.22% and a low debt-to-equity ratio, its long-term growth has been poor, with net sales growing at only 9.71% annually over the past five years.
In the broader market context, 3M India's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.09% over the past week. Although the stock has outperformed the benchmark in the short term, it has underperformed over the last year, with a return of -17.76% compared to the Sensex's gain of 2.54%. This underperformance highlights the challenges the company faces despite its recent price increase, as it has not kept pace with the overall market trends. The stock's valuation appears expensive relative to its peers, which may also contribute to investor caution despite the recent uptick in price.