Why is Austin Engg Co falling/rising?

As of 17-Sep, Austin Engineering Company Ltd's stock price is currently at 169.50, reflecting an increase of 4.55 (2.76%). The stock has shown positive momentum recently, gaining 5.48% over the last two days and outperforming its sector by 1.78% today. It opened with a 2% gain and reached an intraday high of Rs 171.3. Despite this recent uptick, the stock has underperformed over the past year with a return of -27.63%, although it has seen a 7.72% increase over the past month. The company has a relatively attractive valuation with a Price to Book Value of 0.9 and a Return on Equity (ROE) of 5.9, indicating fair trading conditions compared to its peers. However, the stock's long-term fundamentals are weak, with a low average ROE of 4.53% and flat results reported in June.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.56% over the past week. While Austin Engineering has seen a short-term recovery, its year-to-date performance remains concerning with a decline of -10.77%, significantly worse than the benchmark's 5.83% increase. The stock's liquidity appears adequate for trading, but a notable drop in delivery volume suggests a decrease in investor participation, which could impact future price movements. Overall, while the stock is experiencing a short-term rise, its long-term outlook remains uncertain due to fundamental weaknesses and significant underperformance relative to the market.