Why is Atul Auto falling/rising?

As of 18-Sep, Atul Auto Ltd's stock price is currently at 528.85, reflecting an increase of 4.75 (0.91%). The stock has shown strong performance recently, with a 1-week return of +8.64% and a 1-month return of +19.95%, significantly outperforming the Sensex, which returned +1.80% and +2.14% respectively over the same periods. Today's trading saw the stock reach an intraday high of Rs 549, and it is currently trading above all key moving averages. However, there is a concerning decline in investor participation, as delivery volume has dropped by 69.45% compared to the 5-day average. Despite the stock trading at a discount relative to its peers, it has faced challenges such as weak long-term fundamentals, a negative EBIT to Interest ratio, and a low Return on Equity, which may contribute to investor caution.
Broader market context indicates that while Atul Auto has outperformed the benchmark in the short term, it has underperformed over the past year, with a return of -20.47% compared to the BSE500's -1.96%. This discrepancy highlights the stock's volatility and potential investor concerns regarding its long-term growth prospects. The lack of domestic mutual fund investment further suggests a lack of confidence in the company's future performance, despite recent gains. Overall, while short-term movements show positive momentum, the underlying fundamentals and broader market comparisons indicate a complex situation for Atul Auto Ltd.