Why is Creative Newtech falling/rising?

As of 10-Jul, Creative Newtech Ltd's stock price is currently at Rs. 650.75, reflecting an increase of Rs. 18.6 or 2.94%. Despite this positive movement today, the stock has shown a decline of 1.34% over the past week and a significant drop of 29.86% year-to-date. The stock hit a new 52-week low of Rs. 621.6 earlier today, indicating ongoing challenges. Although it outperformed its sector by 2.34% today, the stock's moving averages suggest mixed performance, being higher than the 5-day moving average but lower than the longer-term averages. The company's financial health is somewhat concerning, with a recent flat quarterly result and a significant drop in PAT, alongside a low debtors turnover ratio. However, it has shown healthy long-term growth in net sales and an attractive valuation compared to peers, which may support its current price increase.
In the broader market context, the Sensex has experienced a minor decline of 0.20% over the past week, contrasting with Creative Newtech's recent performance. While the stock has underperformed the benchmark over the past month and year, its short-term rise today may reflect a temporary recovery or market correction. The lack of domestic mutual fund investment suggests a cautious sentiment among institutional investors, which could be influencing the stock's volatility. Overall, while today's price increase is a positive sign, the underlying factors indicate that the stock faces significant challenges that could affect its future performance.