Why is Ceigall India falling/rising?

As of 02-Jul, Ceigall India Ltd's stock price is currently at 273.30, reflecting an increase of 1.85, or 0.68%. The stock has shown a strong performance recently, gaining 9.3% over the last three days and outperforming its sector by 2.31% today. It opened with a gain of 2.03% and reached an intraday high of Rs 288.4, which is a 6.24% increase. Despite a year-to-date decline of 19.50%, the stock has performed well in the short term, with a 7.68% increase over the past week and a 9.76% increase over the past month. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 23.89%, and a low debt-to-equity ratio, which contributes positively to investor sentiment. However, the company has faced challenges, including negative results for the last three consecutive quarters and a decline in operating profit over the past five years.
In the broader market context, Ceigall India Ltd has significantly outperformed the Sensex, which has only increased by 0.79% over the past week and 2.50% over the past month. While the stock's recent gains are notable, it is essential to consider its long-term performance, as it has underperformed the benchmark with a year-to-date decline compared to the Sensex's increase of 6.75%. The rising investor participation, indicated by a substantial increase in delivery volume, suggests growing interest in the stock despite its recent struggles. Overall, while short-term movements are positive, the long-term outlook remains cautious due to declining profits and negative quarterly results.