Why is Bajaj Electrical falling/rising?

As of 25-Jun, Bajaj Electricals Ltd's stock price is currently at Rs 686.55, reflecting an increase of Rs 7.2 or 1.06%. The stock has been gaining for the last four days, with a total return of 3.87% during this period. It reached an intraday high of Rs 695, indicating positive momentum. The stock's performance today is in line with its sector, and it has shown significant rising investor participation, with delivery volume increasing by 182.38% compared to the five-day average. However, despite these short-term gains, the stock has underperformed over the longer term, with a year-to-date decline of 11.41% and a one-year drop of 34.21%. The company has a low debt-to-equity ratio and has reported positive financial metrics, such as a substantial increase in profit before tax and a high inventory turnover ratio, which may contribute to the recent price rise.
In the broader market context, Bajaj Electricals' short-term performance of 3.43% over the past week outpaces the Sensex's return of 1.61% during the same period. However, the stock's long-term performance remains concerning, as it has significantly lagged behind the market, with a one-year return of -34.21% compared to the Sensex's 6.02%. This underperformance, coupled with a high price-to-book value ratio and declining net sales over the past five years, raises questions about the stock's valuation and growth potential. While institutional holdings are high, indicating confidence from larger investors, the overall negative trends in profitability and growth may overshadow the recent positive movements in the stock price.