Why is Artemis Electri. falling/rising?

As of 23-Jul, Artemis Electricals & Projects Ltd is experiencing a price increase, currently at 25.90, reflecting a change of 0.89 or 3.56% upward. The stock has shown a positive trend today, outperforming its sector by 3.87% and reversing a two-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short-term performance. However, despite a recent 8.37% gain over the past month, the stock has underperformed over the year with a decline of 11.36%. Positive factors contributing to the recent rise include a significant growth in net sales of 103.2% and strong quarterly results, with a notable increase in profit before tax and net sales. Conversely, the stock faces challenges due to weak long-term fundamentals, reflected in a low return on capital employed and a high price-to-book value ratio, which may deter long-term investors.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex over the past year, which has gained 2.86%. While the stock has shown positive short-term movement, its year-to-date performance remains negative at -3.36%, compared to the Sensex's positive return of 5.87%. This underperformance, coupled with a lack of domestic mutual fund investment, suggests that investor confidence may be wavering despite recent positive results. The overall market sentiment appears to be cautious, which could impact the stock's future movements.