Why is Asi Industries falling/rising?

As of 05-Sep, Asi Industries Ltd's stock price is currently at 35.82, reflecting an increase of 0.27 or 0.76%. The stock has shown a strong performance recently, gaining 19.4% over the last four days and outperforming its sector by 1.5%. In terms of returns, the stock has risen 18.61% over the past week and 9.01% over the past month, while it has experienced a decline of 30.23% year-to-date. Despite a negative return of 17.14% over the past year, the company's operating profit has grown at an annual rate of 40.33%, and it maintains an attractive valuation with a Price to Book Value of 0.9. However, the stock's recent gains are tempered by negative quarterly results, including a significant drop in net sales and profit after tax.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which has only gained 1.13% over the past week. While the stock has struggled over the longer term, underperforming the market with a year-over-year decline of 17.14% compared to the Sensex's drop of 1.81%, its recent upward momentum suggests a potential recovery phase. The rising investor participation, indicated by a substantial increase in delivery volume, further supports the notion that investors are becoming more optimistic about the stock's future prospects, despite its previous underperformance.