Why is Carborundum Uni. falling/rising?

As of 04-Jul, Carborundum Universal Ltd is experiencing a price increase, currently at 999.50, reflecting a rise of 7.8 points or 0.79%. Today's performance indicates that the stock has outperformed its sector by 1.24%. However, despite this positive movement, the stock has shown a decline of 21.95% year-to-date and a significant drop of 41.44% over the past year. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, but remains below its 200-day moving average. Notably, there has been a sharp decline in investor participation, with delivery volume falling by 81.09% compared to the 5-day average. The company maintains a low debt-to-equity ratio and high institutional holdings at 40.98%, which may provide some support for the stock's price.
In the broader market context, the stock's short-term return of 2.91% over the past week contrasts with a decline of 0.74% in the Sensex, indicating relative strength in the stock compared to the market. However, the long-term outlook remains concerning, as the company has reported poor growth metrics, including a significant drop in profit before tax and a low return on capital employed. The stock's valuation appears expensive relative to its return on equity, and it has underperformed the BSE500 over various time frames. Overall, while there is a short-term uptick in price, the long-term fundamentals suggest challenges that could impact future performance.