Why is Cheviot Company falling/rising?

As of 10-Jul, Cheviot Company Ltd's stock price is currently at 1,189.00, reflecting an increase of 2.0 (0.17%). The stock has been gaining for the last three days, with a total return of 2.1% during this period, and it has outperformed its sector by 0.47%. Additionally, Cheviot Company is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this recent positive movement, the company has shown a significant decline in profitability, with a year-over-year return of -14.64% and a drop in profits by -16.8%. The low debt-to-equity ratio and fair valuation with a price-to-book value of 1.1 suggest some stability, but the stock is trading at a premium compared to its peers, which could raise concerns among investors.
In the broader market context, Cheviot Company's short-term performance of +0.42% over the past week contrasts with the Sensex, which has seen a slight decline of -0.06%. While the stock has shown some resilience in the short term, it has consistently underperformed against the benchmark over the last three years, with a total return of -2.33% compared to the Sensex's +52.69%. This underperformance, coupled with a lack of confidence from domestic mutual funds, which hold only 0.01% of the company, indicates potential concerns about the company's long-term growth prospects. Overall, while recent price movements may suggest a positive trend, underlying financial challenges and market perceptions continue to weigh on the stock's performance.