Why is Cello World falling/rising?

As of 09-Oct, Cello World Ltd's stock price is currently at 601.55, reflecting an increase of 9.45 or 1.6%. The stock has shown a positive performance today, outperforming its sector by 1.07%, and reached an intraday high of Rs 605.5, which is a rise of 2.26%. Over the past week, the stock has gained 4.79%, although it has experienced a decline of 1.98% over the past month and a significant drop of 20.54% year-to-date. Despite the positive short-term movement, the company faces challenges, including a poor long-term growth outlook with operating profit growth at only 16.17% over the last five years and a recent decline in PAT by 13.8%. Additionally, the stock's high valuation, indicated by a Price to Book Value of 6.1, raises concerns among investors.
In the broader market context, Cello World Ltd's recent performance has outpaced the Sensex, which has increased by 1.47% over the past week. However, the stock's year-over-year return of -30.88% indicates a significant underperformance compared to the benchmark, which has only seen a modest gain of 0.87% in the same period. The declining investor participation, with a 44.22% drop in delivery volume against the five-day average, suggests waning interest, which could further impact the stock's performance. Overall, while there are short-term gains, the long-term outlook remains concerning, contributing to mixed sentiments among investors.