Why is Artemis Electri. falling/rising?

As of 16-Jul, Artemis Electricals & Projects Ltd is experiencing a price increase, currently at 25.98, reflecting a rise of 0.75 or 2.97%. The stock has shown strong performance recently, outperforming its sector by 3.75% today and achieving a consecutive gain over the last two days with a total return of 7.53%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The company reported outstanding results with a significant growth in net sales of 103.2%, and it has declared positive results for the last two consecutive quarters, contributing to the stock's upward movement. However, it is important to note that the stock has underperformed over the past year, generating a return of -13.54%, despite a substantial increase in profits.
In the broader market context, the stock has outperformed the benchmark Sensex in the short term, with a 1-week return of +6.13% compared to the benchmark's -1.08%. While the stock has shown positive short-term performance, its long-term fundamentals are weak, with a low return on capital employed (ROCE) of 8.94% and a poor growth rate in net sales and operating profit over the last five years. Furthermore, the lack of investment from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in the stock's valuation, as it trades at a premium compared to its peers despite its recent gains.