Why is Ashoka Metcast falling/rising?

As of 04-Jul, Ashoka Metcast Ltd's stock price is currently at 18.20, reflecting an increase of 0.6 or 3.41%. The stock has been gaining momentum, having outperformed its sector by 11.12% today and achieving a consecutive gain over the last three days with a total return of 6.68%. Despite this recent positive movement, the stock has underperformed over the past year, generating a return of -10.43%, while its profits have risen by 53%. The company has a very attractive valuation with a low PEG ratio of 0.1, but it also faces significant challenges, including operating losses and a drastic decline in net sales of -83.52%, which has contributed to its weak long-term fundamental strength.
In the broader market context, Ashoka Metcast's recent performance contrasts with the benchmark, as it has gained 6.31% over the past week while the Sensex has declined by 0.74%. However, the stock's year-to-date performance remains concerning, with a decline of -23.14% compared to the Sensex's increase of 6.77%. This indicates that while the stock is experiencing short-term gains, it has struggled significantly in the long term, highlighting a disconnect between its recent price movements and overall market trends.