Why is Ashika Credit falling/rising?

As of 15-Sep, Ashika Credit Capital Ltd is experiencing a price increase, currently at 366.90, reflecting a rise of 3.8 or 1.05%. Today's price summary indicates that the stock has outperformed its sector by 0.58% and has shown a trend reversal after three consecutive days of decline. However, it is trading below its moving averages across various time frames, indicating a potential weakness in momentum. Despite a year-to-date decline of 55.85%, the stock has managed to deliver a 16.57% return over the past year, which is notable given the broader market's negative performance. The company has reported significant growth in operating profit and net sales, which could be contributing positively to investor sentiment.
In the broader market context, while Ashika Credit has outperformed the BSE500 index over the past year, the stock's recent performance still reflects a challenging environment, as evidenced by its negative returns over the past month and week. The stock's weak long-term fundamentals, including a low return on equity and declining profits, may deter long-term investors, as indicated by the absence of domestic mutual fund holdings. This lack of institutional confidence could weigh on the stock's potential for recovery, despite its recent uptick. Overall, while the stock is currently rising, the underlying fundamentals suggest caution moving forward.