Why is Calcom Vision falling/rising?

As of 15-Jul, Calcom Vision Ltd's stock price is currently at Rs 101.95, reflecting an increase of Rs 1.45 or 1.44%. The stock has shown a positive trend recently, gaining for the last two days and achieving a total return of 2.98% during this period. It outperformed its sector by 1.21% today and reached an intraday high of Rs 103. However, the stock has underperformed over the longer term, with a year-to-date decline of 14.33% and a one-year drop of 25.88%. Despite these declines, the company reported strong quarterly results, with a 56.9% growth in profit after tax and record net sales, indicating a potential for recovery. However, concerns about weak long-term fundamental strength, including a low return on capital employed and poor debt servicing ability, may be weighing on investor sentiment.
In the broader market context, Calcom Vision's recent performance contrasts with the benchmark Sensex, which has seen a slight increase of 5.67% year-to-date. While the stock has outperformed the sector in the short term, its longer-term performance remains concerning, particularly given its significant underperformance against the market over the past year. The stock's liquidity is adequate for trading, but a notable decline in delivery volume suggests falling investor participation, which could further impact its price movement. Overall, while there are positive indicators from recent earnings, the stock's historical performance and fundamental weaknesses contribute to a cautious outlook.