Why is Anjani Synth. falling/rising?

As of 31-Jul, Anjani Synthetics Ltd is experiencing a price increase, currently at 41.99, which reflects a rise of 2.09 or 5.24%. Today's price summary indicates that the stock has outperformed its sector by 7.59% and has gained after seven consecutive days of decline. It opened with a gain of 3.98% and reached an intraday high of Rs 43.9, showcasing significant volatility with an intraday range of Rs 4.34. Despite these positive movements today, the stock has underperformed in the longer term, with a 21.22% decline over the past month and a year-to-date drop of 9.45%. The company has a low return on equity and has seen a significant fall in profits, which may contribute to investor caution despite its attractive valuation compared to peers.
Broader market context shows that while Anjani Synthetics Ltd has made gains today, it has still faced a challenging environment, with the textile sector declining by 2.37%. In the short term, the stock's performance contrasts with the Sensex, which has only fallen by 1.22% over the past week. This suggests that while the stock is currently rising, it has been under pressure in the broader market context, particularly with a significant drop in investor participation and high volatility. The overall sentiment remains cautious due to the company's weak long-term fundamentals and declining operating profits, which could impact future performance.