Why is Atishay falling/rising?

As of 04-Jul, Atishay Ltd's stock price is currently at 145.00, reflecting an increase of 11.3 (8.45%). The stock has been gaining for the last two days, with a total return of 11.11% during this period. It has outperformed its sector by 7.74% today and reached an intraday high of Rs 146. Despite this positive movement, the stock has a mixed performance over the longer term, with a year-to-date decline of 31.03% and a monthly decrease of 2.03%. The company benefits from a low debt-to-equity ratio and healthy long-term growth, as indicated by a 45.42% annual growth in operating profit and a return on equity (ROE) of 14.4. However, the recent flat results in net sales, which fell by 26.50%, could be a concern for investors.
In the broader market context, Atishay's short-term return of +9.02% over the past week contrasts sharply with the Sensex, which has declined by 0.74% during the same period. This indicates that Atishay is performing well relative to the overall market. However, the stock's year-to-date performance remains significantly lower than the benchmark's gain of 6.77%. While the stock is trading at a discount compared to its peers and has shown attractive valuation metrics, the falling investor participation and the decline in delivery volume may suggest caution among investors. Overall, the recent price increase appears to be driven by short-term gains despite the underlying challenges reflected in the company's sales performance.