Why is Clean Science falling/rising?

As of 22-Jul, Clean Science & Technology Ltd's stock price is currently at 1,299.50, reflecting an increase of 22.35 or 1.75%. Today, the stock has shown a positive trend, gaining after three consecutive days of decline and outperforming its sector by 2%. It reached an intraday high of Rs 1307, indicating some recovery. However, the stock is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has experienced a decline of 9.60%, and it has underperformed the benchmark Sensex over various periods, including a year-to-date return of -8.81% compared to the Sensex's +5.18%. While the company boasts a high return on equity (ROE) of 24.48% and a low debt-to-equity ratio, its long-term growth prospects appear weak, with operating profit growth at only 5.88% over the last five years and a high price-to-book value ratio indicating an expensive valuation relative to peers.
In the broader market context, Clean Science's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years. The stock's negative returns of -10.05% over the past year highlight its struggle to keep pace with the market, which has seen a modest gain of +2.09%. Despite a rise in investor participation, as indicated by a significant increase in delivery volume, the overall sentiment remains cautious due to the company's flat results and high PEG ratio of 7.4, suggesting that the stock may be overvalued given its growth rate. This combination of factors contributes to the stock's recent upward movement, but the underlying concerns about its long-term performance continue to weigh heavily on investor sentiment.