Why is Amarjothi Spg. falling/rising?

As of 17-Sep, Amarjothi Spinning Mills Ltd's stock price is currently at Rs 167.00, reflecting an increase of Rs 3.1, or 1.89%. The stock has shown a strong performance recently, gaining 10.82% over the last four days and outperforming its sector by 0.88% today. Despite this positive momentum, the stock has a year-to-date decline of 23.67% and a one-year return of -25.71%, indicating significant underperformance compared to the benchmark. The stock's valuation appears attractive with a ROCE of 9.5 and is trading at a discount relative to its peers. However, the company has faced challenges, including a 5.7% decline in profits over the past year and negative quarterly results, which may weigh on investor sentiment.
Broader Market Context: In the short term, Amarjothi Spinning Mills has outperformed the Sensex, which has only increased by 1.56% over the past week, while the stock has risen by 8.65%. This indicates that the stock's recent gains are not just a reflection of broader market trends but also suggest some positive sentiment specific to the company. However, the stock's long-term performance remains concerning, with consistent underperformance against the benchmark over the last three years, which could lead to cautious investor behavior despite the recent uptick in price.