Why is Asian Granito falling/rising?

As of 19-Sep, Asian Granito India Ltd's stock price is currently at 63.25, reflecting an increase of 1.2, or 1.93%. The stock has shown strong performance recently, gaining 8.12% over the last three days and outperforming its sector by 2.55% today. It opened with a gain of 2.32% and reached an intraday high of Rs 64.79, indicating positive momentum. The company has reported positive results for the last four consecutive quarters, with significant growth in profit before tax and profit after tax, contributing to a favorable valuation compared to its peers. However, despite the recent gains, the stock has a long-term negative outlook due to weak fundamental strength and consistent underperformance against benchmarks over the past three years.
In the broader market context, Asian Granito's short-term return of 7.11% over the past week significantly outpaces the Sensex's gain of 0.88%. While the stock has shown positive movement recently, it still faces challenges with a year-to-date decline of 6.30% and a one-year drop of 24.52%, contrasting with the Sensex's 5.74% gain during the same period. This discrepancy highlights the stock's volatility and the impact of its long-term performance issues, which may temper investor enthusiasm despite recent positive results.