Why is CIE Automotive falling/rising?

As of 02-Sep, CIE Automotive India Ltd is experiencing a price increase, currently at Rs 400.75, reflecting a rise of Rs 13.75 or 3.55%. The stock has outperformed its sector by 2.41% today and has shown a consecutive gain over the last two days, with a total return of 4.27% during this period. Despite a challenging year with a return of -31.57%, the stock has demonstrated resilience with a 2.27% gain over the past week, while the benchmark Sensex has declined by 0.78%. The company benefits from a low debt-to-equity ratio of 0.10, strong operating profit growth at an annual rate of 34.67%, and a favorable valuation with a price-to-book ratio of 2.2, indicating it is trading at a discount compared to its peers.
In the broader market context, while CIE Automotive has shown positive short-term performance, it has underperformed the benchmark over longer periods, including a -14.86% return year-to-date compared to the Sensex's 2.58% gain. The stock's recent upward movement may be attributed to rising investor participation, as indicated by a significant increase in delivery volume, which rose by 185.77% against the five-day average. However, the stock's long-term performance remains concerning, with a decline in profits of -8.7% over the past year and a flat performance in the latest quarterly results. This mixed performance suggests that while there are positive indicators for short-term trading, the overall long-term outlook may still be uncertain.