Why is CIE Automotive falling/rising?

As of 11-Jun, CIE Automotive India Ltd's stock price is rising, currently at 475.75, reflecting an increase of 21.15 or 4.65%. The stock has outperformed its sector today by 3.73% and has been on a gaining streak for the last three days, accumulating a total return of 6.97% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive technical trend. Despite a year-over-year decline of 15.30% in returns, the stock has shown strong performance over shorter periods, with a 19.00% increase over the last month and a 6.56% rise over the past week. The company benefits from a low debt-to-equity ratio and high institutional holdings, which may contribute to investor confidence.
In the broader market context, CIE Automotive's recent performance contrasts with the Sensex, which has only increased by 1.87% over the past week and 3.85% over the past month. While the stock has underperformed the market over the last year, it has shown resilience in the short term, suggesting a potential recovery phase. However, concerns remain regarding its long-term growth, as net sales have only grown at an annual rate of 3.56% over the last five years, and recent quarterly results have shown declines in profit and sales. This mixed outlook may influence investor sentiment moving forward, despite the current upward price movement.