Why is Creative Newtech falling/rising?

As of 11-Aug, Creative Newtech Ltd's stock price is currently at 639.20, reflecting an increase of 23.6, or 3.83%. Today's performance indicates that the stock has outperformed its sector by 2.48%, although it has recently hit a new 52-week low of Rs.605.1. The stock's short-term return over the past week is +3.69%, contrasting with a -0.56% decline in the Sensex. Despite this positive movement, the stock has shown a year-to-date decline of -31.11%, and its long-term performance remains concerning, with a -10.84% return over the past year. Factors contributing to this mixed performance include a healthy long-term growth rate in net sales and operating profit, but also flat results in recent quarters and low domestic mutual fund interest, which may signal investor caution.
In the broader market context, while Creative Newtech has shown a positive short-term return, it has underperformed against the benchmark indices over longer periods, including a -10.84% return in the last year compared to the Sensex's +0.89%. This underperformance, coupled with a significant drop in investor participation and a low Debtors Turnover Ratio, raises concerns about the company's operational efficiency and market confidence. The stock's attractive valuation metrics, such as a 3.3 Price to Book Value and a return on equity of 18.1, suggest potential for recovery; however, the overall sentiment remains cautious due to the company's recent performance and lack of institutional support.