Why is Asian Granito falling/rising?

As of 02-Sep, Asian Granito India Ltd is currently priced at 59.01, reflecting an increase of 0.51 or 0.87%. Today, the stock has shown a trend reversal by gaining after six consecutive days of decline and has outperformed its sector by 1.15%. However, the stock's delivery volume has significantly decreased by 68.36% compared to the five-day average, indicating falling investor participation. Over the past week, the stock has declined by 2.61%, while it has shown a modest gain of 0.99% over the past month. Despite a year-to-date drop of 12.58% and a substantial decline of 32.19% over the past year, the company has reported positive financial results, with profit before tax growing by 176.16% and profit after tax increasing by 497.3%. The stock is trading at a discount compared to its peers, which may attract investors looking for value.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 0.78% over the past week, Asian Granito's performance has been relatively better, although it still lags behind in the longer term, with a year-to-date return of -12.58% against the Sensex's gain of 2.58%. The broader market context shows that while the stock has faced significant challenges over the past year and three years, the recent positive financial results and attractive valuation metrics may provide some support for its price movement. However, the overall liquidity concerns and declining investor participation could hinder a more robust recovery in the stock's price.