Why is Cantabil Retail falling/rising?

As of 04-Jul, Cantabil Retail India Ltd is currently priced at Rs 273.20, reflecting an increase of Rs 3.25 or 1.2%. The stock has shown a positive trend recently, gaining 2.73% over the last two days and outperforming its sector by 0.38% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Positive financial results, including a 41.17% growth in profit before tax and a 31.7% increase in profit after tax, have contributed to investor confidence. Additionally, institutional investors have increased their stake in the company, suggesting a favorable outlook from more experienced market participants. However, there are concerns regarding the stock's valuation, as it is considered expensive relative to its return on capital employed.
In the broader market context, Cantabil Retail has outperformed the benchmark Sensex over the past week, with a return of 2.96% compared to the Sensex's decline of 0.74%. While the stock has shown positive short-term performance, it has underperformed on a year-to-date basis, with a decline of 4.74% against the Sensex's gain of 6.77%. This divergence highlights the stock's recent strength despite its longer-term challenges. The mixed signals from its performance metrics and valuation concerns suggest that while there is positive momentum, caution may be warranted for potential investors.