Why is CIE Automotive falling/rising?

As of 19-Aug, CIE Automotive India Ltd's stock price is currently at 404.25, reflecting an increase of 7.65, or 1.93%. The stock has shown a positive trend recently, gaining for three consecutive days with a total return of 2.5% during this period. It outperformed its sector by 1.19% today and reached an intraday high of Rs 412.9. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 14.12% and a one-year drop of 24.16%. The company maintains a low debt-to-equity ratio of 0.10, indicating financial stability, and has demonstrated healthy long-term growth with an annual operating profit increase of 34.67%. Nonetheless, its profits have decreased by 8.7% over the past year, contributing to the stock's overall negative performance.
In the broader market context, the stock's short-term return of 1.32% over the past week is slightly below the benchmark Sensex, which has risen by 1.76%. This indicates that while the stock is experiencing a short-term recovery, it is still lagging behind the overall market performance. Additionally, the stock's long-term performance has been disappointing, as it has underperformed the BSE500 over the last three years, one year, and three months. The high institutional holdings at 25.68% suggest that informed investors are closely monitoring the stock, which could influence future price movements. Overall, while there are some positive indicators for CIE Automotive, the long-term underperformance and recent profit declines present challenges for sustained price increases.