Why is Artemis Electri. falling/rising?

As of 15-Jul, Artemis Electricals & Projects Ltd is experiencing a price increase, currently at Rs 25.23, reflecting a rise of 1.07 or 4.43%. Today's price summary indicates that the stock has outperformed its sector by 3.93% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 25.3, representing a 4.72% increase, although it also touched a low of Rs 23.5 during the day. Despite a decline in delivery volume by 11.88% against the 5-day average, the stock is trading above its moving averages across various time frames. The company has reported outstanding results, including a 103.2% growth in net sales and positive results for the last two quarters, which may contribute to the recent upward movement. However, it faces challenges such as weak long-term fundamental strength and poor long-term growth metrics, which could temper investor enthusiasm.
In the broader market context, the stock has shown a short-term return of +4.69% over the past month, while the benchmark Sensex has returned +1.79%, indicating that Artemis Electricals is outperforming the market in this timeframe. However, it has underperformed over the longer term, with a year-to-date return of -5.86% compared to the Sensex's +5.67%. This disparity highlights the stock's volatility and the mixed sentiment among investors, particularly given its significant underperformance over the past year with a return of -17.55% against the market's positive return. The lack of domestic mutual fund investment may also reflect caution regarding the stock's valuation and long-term prospects.