Why is Contil India falling/rising?

As of 24-Jun, Contil India Ltd's stock price is currently at 27.48, reflecting an increase of 0.43 or 1.59%. The stock has shown a trend reversal by gaining after three consecutive days of decline, outperforming its sector by 0.67%. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Over the past year, the stock has generated a return of -11.35%, significantly underperforming the market, while its profits have risen by 78.7%, resulting in a PEG ratio of 0.2. The stock is trading at a discount compared to its peers' average historical valuations, which may attract some investors, but the weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 12.95%, raises concerns.
In the broader market context, the stock's short-term performance has been notably poor, with a 1-week return of -6.12% compared to the Sensex's gain of 0.58%. This underperformance is consistent with its longer-term returns, where it has lagged behind the benchmark indices over 1 month, year-to-date, and 1 year. The overall market has shown resilience, with the BSE 500 generating returns of 2.98% in the last year, further highlighting Contil India's struggles. Despite a rise in investor participation, the stock's liquidity remains adequate, but the prevailing negative sentiment and weak fundamentals suggest that the recent price increase may not be sustainable in the face of broader market trends.