Why is Cheviot Company falling/rising?

As of 30-Jun, Cheviot Company Ltd's stock price is rising, currently at 1,215.50, reflecting an increase of 67.0 or 5.83%. The stock has shown strong performance recently, outperforming its sector by 4.99% today and achieving a consecutive gain over the last two days with a total return of 11.21%. It reached an intraday high of Rs 1254, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 458.66% compared to the 5-day average. However, despite the recent gains, the stock has underperformed over the past year, with a return of -15.98% and a decline in profits by -16.8%.
In the broader market context, Cheviot Company Ltd has outperformed the Sensex in the short term, with a 1-week return of +12.23% compared to the benchmark's +2.09%. However, the company has struggled with long-term growth, as indicated by a negative annual growth rate in net sales and operating profit over the last five years. The low debt-to-equity ratio and fair valuation metrics suggest some stability, but the stock is trading at a premium compared to its peers, which may deter some investors. Furthermore, the minimal stake held by domestic mutual funds could indicate a lack of confidence in the company's future performance, contributing to its inconsistent underperformance against broader market indices over the past three years.