Why is Carborundum Uni. falling/rising?

As of 16-Sep, Carborundum Universal Ltd's stock price is currently at 997.95, reflecting an increase of 18.95 or 1.94%. The stock has shown a positive performance today, outperforming its sector by 0.7%, and reached an intraday high of Rs 1005.9, which is a 2.75% increase. Over the past week, the stock has risen by 2.34%, and in the last month, it has significantly outperformed the benchmark with a return of 17.23% compared to the Sensex's 2.21%. However, the stock has been experiencing a decline in investor participation, with delivery volume dropping by 61.46% against the 5-day average. Additionally, while the company has a low debt-to-equity ratio, it has faced challenges such as a 15.43% decline in net profit and negative results for the last two consecutive quarters, which may contribute to investor caution.
Broader Market Context: In the context of the broader market, Carborundum Universal Ltd has underperformed significantly over the past year, with a return of -32.21% compared to the Sensex's decline of only -0.73%. Despite its recent short-term gains, the stock's long-term growth prospects appear poor, as indicated by a low return on capital employed and declining profitability metrics. The reduction in promoter stake by 0.59% may also signal a lack of confidence in the company's future, further impacting investor sentiment. Overall, while the stock has shown some positive movement recently, the underlying financial challenges and broader market performance suggest a cautious outlook.