Why is Creative Newtech falling/rising?

As of 05-Sep, Creative Newtech Ltd's stock price is currently at 637.30, reflecting an increase of 7.0, or 1.11%. The stock has outperformed its sector by 0.58% today, with a notable rise in investor participation, as evidenced by a 62.38% increase in delivery volume compared to the 5-day average. While the stock has shown positive performance over the past week and month, with returns of +1.08% and +2.62% respectively, it has struggled in the longer term, generating a return of -18.94% over the past year. The company's healthy long-term growth, indicated by a 34.90% annual increase in net sales and a 30.95% rise in operating profit, contrasts with its underperformance in the market, as reflected in the low domestic mutual fund holdings and the flat results reported in June.
In the broader market context, Creative Newtech's short-term performance has lagged behind the benchmark Sensex, which has returned +1.29% over the past week. Despite the stock's recent uptick, it has underperformed the BSE500 over various time frames, including the last three years and one year. The stock's valuation appears attractive with a price-to-book value of 3.2 and a return on equity of 18.1, yet concerns regarding its low debtors turnover ratio and significant non-operating income suggest caution among investors. Overall, while there are positive indicators for growth, the stock's long-term performance and market perception remain challenging.