Why is Chandni Machines falling/rising?

As of 09-Jun, Chandni Machines Ltd is experiencing a price increase, with its current price at Rs 44.58, reflecting a rise of 2.38 (5.64%). Today, the stock opened with a gain of 6% and reached an intraday high of Rs 44.73. Despite this positive movement, the stock has shown a year-to-date decline of 23.60% and a slight drop of 1.04% over the past year. The company has an attractive valuation with a return on equity of 13.9 and a price-to-book value of 1.4, indicating it is trading at fair value compared to its peers. However, the company is facing challenges, including operating losses and a weak ability to service its debt, which may contribute to a bearish outlook despite today's gains.
In the broader market context, the stock has outperformed the Sensex by 5.98% today, indicating stronger short-term performance compared to the benchmark index. Over the past week, Chandni Machines has returned 4.82%, significantly higher than the Sensex's 1.32% gain. However, the stock's long-term fundamentals appear weak, with a poor EBIT to interest ratio and declining profits over the past year. This mixed performance suggests that while there may be short-term gains, the underlying financial health of the company remains a concern, which could impact future price movements.