Why is Acknit Indus. falling/rising?

As of 09-Sep, Acknit Industries Ltd is currently priced at 300.00, reflecting an increase of 3.0, or 1.01%. The stock has outperformed its sector today by 0.99%, although it is trading below its 50-day moving average while remaining above the 5-day, 20-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a return of +4.02%, which is significantly higher than the Sensex's +1.18%. However, the stock's year-to-date performance is down by -1.64%, and it has experienced a decline of -1.77% over the past year. The company's return on capital employed (ROCE) stands at 11.8, indicating an attractive valuation, but it has also seen a -2.8% drop in profits over the last year, which may contribute to investor caution. Additionally, the delivery volume has decreased by -64.42% compared to the 5-day average, suggesting a decline in investor participation.
In the broader market context, while Acknit Industries has outperformed the Sensex in the short term, its year-to-date performance lags behind the benchmark, which has gained +3.79%. The stock's long-term fundamentals appear weak, as indicated by a high debt-to-EBITDA ratio of 2.69 times and a modest 12.37% CAGR growth in operating profits over the past five years. The recent flat results, including a -13.6% drop in profit after tax and the lowest net sales recorded, further highlight the challenges the company faces. Despite trading at a discount compared to its peers, the combination of declining profits and reduced investor participation may be influencing the stock's recent upward movement, tempered by underlying concerns about its long-term viability.