Why is Dai-ichi Karkari falling/rising?

As of 16-Sep, Dai-ichi Karkaria Ltd's stock price is currently at Rs 291.00, reflecting an increase of 1.3 (0.45%). The stock has been gaining for the last four days, with a total return of 5.57% during this period, despite opening with a loss of 2.31% today and touching an intraday low of Rs 283. The stock's performance over the past week shows a gain of 4.19%, although it has underperformed over the last month and year-to-date, with returns of -2.64% and -26.07%, respectively. The company has reported positive results for the last three consecutive quarters, with net sales growing by 62.82% and profits increasing significantly, which contributes to its attractive valuation despite a poor long-term growth outlook.
Broader market context indicates that while Dai-ichi Karkaria has shown some short-term gains, it has significantly underperformed the benchmark Sensex over longer periods, including a -52.28% return over the past year compared to a -0.73% return for the index. The stock's recent gains may be attributed to positive quarterly results and a low debt-to-equity ratio, which could attract some investor interest. However, the overall sentiment remains cautious due to its historical underperformance and declining investor participation, as evidenced by a 7.78% drop in delivery volume against the five-day average.