Why is Dai-ichi Karkari falling/rising?

As of 24-Sep, Dai-ichi Karkaria Ltd's stock price is currently at 290.70, reflecting an increase of 3.55, or 1.24%. The stock has shown positive momentum, gaining 2.25% over the last two days and outperforming its sector by 1.73% today. Despite this recent uptick, the stock has a challenging year-to-date performance, down 26.14%, and has significantly underperformed over the past year with a decline of 49.29%. However, the company has reported positive results for the last three consecutive quarters, with net sales growing by 62.82% and a substantial increase in profits, which may contribute to the recent price rise. The stock is trading at a discount compared to its peers, supported by a low debt-to-equity ratio and an attractive valuation.
In the broader market context, Dai-ichi Karkaria's short-term return of 1.66% over the past week contrasts sharply with the Sensex, which has declined by 1.18% in the same period. This indicates that the stock is gaining traction despite a generally unfavorable market environment. However, the long-term outlook remains concerning, as the stock has underperformed the BSE500 over the last three years and has shown poor growth metrics, such as a low annual growth rate in net sales and operating profit. This mixed performance suggests that while there are positive short-term indicators, the overall long-term growth potential of the stock is still in question.