Why is Asian Granito falling/rising?

As of 18-Sep, Asian Granito India Ltd's stock price is rising, currently at Rs 62.05, reflecting an increase of Rs 3.04 or 5.15%. The stock has shown positive momentum, gaining 6.07% over the last two days and outperforming its sector by 6.36% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short-term performance. Despite a year-to-date decline of 8.07% and a significant drop of 27.32% over the past year, the company has reported positive results for the last four consecutive quarters, with a remarkable 497.3% growth in profit after tax. However, it faces challenges with a weak long-term fundamental strength, including a negative CAGR growth in operating profits over the last five years.
In the broader market context, Asian Granito's short-term return of 3.85% over the past week has outperformed the Sensex, which increased by 1.80% during the same period. While the stock has shown some positive short-term trends, its long-term performance remains concerning, as it has underperformed the broader market indices over the past year and three years. The company's ability to service its debt is weak, and it has generated a low return on equity, which may affect investor confidence moving forward. Overall, while recent gains are encouraging, the stock's long-term outlook remains uncertain due to fundamental weaknesses.