Why is Creative Casting falling/rising?

As of 01-Jul, Creative Castings Ltd is experiencing a significant rise in its stock price, currently at 720.00, reflecting an increase of 120.0 or 20.0%. Today's performance indicates that the stock has outperformed its sector by 21.19%, reaching an intraday high of Rs 720. The stock has shown high volatility with an intraday volatility of 8.43% and has traded in a wide range of Rs 112. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite a strong short-term performance, the stock has generated a negative return of -9.26% over the past year, with profits falling by -28.3%, indicating underlying weaknesses in its long-term fundamentals.
In the broader market context, Creative Castings has outperformed the Sensex in the short term, with a 1-week return of +15.20% compared to the Sensex's +2.00%. However, the stock has underperformed over the longer term, with a year-to-date return of -2.04% against the Sensex's +7.11%. While the stock is trading at a premium compared to its peers and has a fair valuation with a Price to Book Value of 2.2, the weak long-term fundamental strength, including a low ROCE of 12.73% and declining net sales, raises concerns about its sustainability. The majority shareholders being promoters may provide some stability, but the overall negative trends in profitability and sales growth suggest caution for investors.