Why is Akash InfraProj. falling/rising?

As of 23-Sep, Akash Infraprojects Ltd is experiencing a price increase, currently at 31.64, reflecting a change of 0.39 or 1.25% upward. The stock has shown strong performance in the short term, with a 10.63% increase over the past week and an 18.24% increase over the past month, significantly outperforming the Sensex, which has seen a decline of 0.28% over the same week. However, despite this recent uptick, the stock has a negative year-to-date return of -5.27% and has underperformed over the last year with a decline of -20.14%. Positive factors contributing to the stock's recent movement include higher net sales and profit after tax reported in June, along with a favorable valuation compared to peers. However, the stock's long-term fundamentals remain weak, with a low return on capital employed and a significant debt-to-EBITDA ratio, which could hinder future growth.
In the broader market context, while Akash Infraprojects has outperformed the Sensex in the short term, it has consistently underperformed against the benchmark over the last three years, with a return of -20.14% compared to the Sensex's -2.97% in the same period. This consistent underperformance highlights the challenges the company faces in maintaining investor confidence, despite recent positive developments. The falling investor participation, indicated by a significant drop in delivery volume, suggests that while the stock may be rising currently, there are underlying concerns about its long-term viability and growth potential.