Why is Axtel Industries falling/rising?

As of 16-Jul, Axtel Industries Ltd is experiencing a rise in its stock price, currently at Rs 494.75, reflecting an increase of Rs 20.95 or 4.42%. The stock has shown positive momentum, gaining 5.21% over the last two days and outperforming its sector by 4.06% today. It reached an intraday high of Rs 498, and it is trading above its moving averages across various time frames. However, despite this short-term gain, the company has reported negative results over the last four consecutive quarters, with a significant decline in net profit and sales, which may weigh on investor sentiment in the long run.
In the broader market context, Axtel Industries has outperformed the Sensex in the short term, with a 1-week return of 4.82% compared to the benchmark's decline of 1.08%. However, the stock has underperformed over the past year, with a return of -17.38% against the Sensex's gain of 2.38%. The company's low debt-to-equity ratio is a positive aspect, but its poor long-term growth prospects, as indicated by declining profits and low investor participation, may hinder sustained upward momentum. Additionally, the absence of domestic mutual fund investment suggests a lack of confidence in the stock's valuation, which is considered expensive relative to its peers.