Why is Dai-ichi Karkari falling/rising?

As of 29-Aug, Dai-ichi Karkaria Ltd's stock price is currently at 280.00, reflecting an increase of 8.0 (2.94%). The stock has shown a trend reversal by gaining after three consecutive days of decline, opening with a gain of 4.63% today and reaching an intraday high of Rs 285. Despite this positive movement, the stock has underperformed in the longer term, with a return of -56.01% over the past year and -28.86% year-to-date. The company has reported positive results for the last three consecutive quarters, with net sales growing by 62.82% and profits rising significantly, contributing to a more attractive valuation compared to its peers. However, the stock's performance remains below par in the long term, with a low debt-to-equity ratio and a PEG ratio of 0.1 indicating potential undervaluation.
In the broader market context, Dai-ichi Karkaria's short-term performance has outperformed the Sensex, which has declined by 1.84% over the past week, while the stock itself has only fallen by 0.28%. This indicates that the stock is showing some resilience compared to the overall market. However, the significant drop in investor participation, with a 69.54% decrease in delivery volume, raises concerns about liquidity and sustained interest in the stock. Overall, while recent positive financial results and a trend reversal may have contributed to the stock's rise today, the long-term performance and declining investor engagement suggest caution moving forward.