Why is Creative Casting falling/rising?

As of 04-Sep, Creative Castings Ltd is currently priced at 592.25, reflecting an increase of 3.75 or 0.64%. The stock has shown a positive trend recently, gaining 5.57% over the last three days and outperforming its sector by 1.44% today. However, despite this short-term gain, the stock has experienced a decline of 1.35% over the past month and a significant drop of 31.13% over the last year, indicating a troubling long-term performance. The company has reported negative results for the last three consecutive quarters, with profits falling by 30.9%, which contributes to its weak long-term fundamental strength. Additionally, while the stock is trading at a premium compared to its peers, its return on equity stands at a modest 8.1%, suggesting that the stock may not be a strong investment at this time.
In the broader market context, the Sensex has increased by 0.80% over the past week, while Creative Castings has outperformed this benchmark with a return of 1.94%. However, the stock's year-to-date performance is concerning, with a decline of 19.42% compared to the Sensex's gain of 3.30%. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume by 44.86% against the five-day average indicates falling investor participation, which could further pressure the stock. Overall, while there are short-term gains, the long-term outlook remains bleak due to declining profits and underperformance relative to broader market indices.