Why is Delton Cables falling/rising?

As of 29-Aug, Delton Cables Ltd is experiencing a price increase, with its current price at Rs 667.90, reflecting a rise of 31.8 points or 5.0%. Today's performance indicates a trend reversal, as the stock has gained after five consecutive days of decline, outperforming its sector by 5.27%. Despite this positive movement, the stock has shown a significant decline over the past month, down 19.93%, and a year-to-date drop of 36.63%. While the stock's net sales have grown at an annual rate of 43.41%, recent quarterly results have shown a decline in net sales and profit after tax, which may contribute to investor caution. Additionally, the lack of domestic mutual fund investment suggests a lack of confidence in the stock's current valuation.
In the broader market context, the stock's short-term performance contrasts with the Sensex, which has fallen by 1.84% over the past week. This indicates that Delton Cables is performing relatively well compared to the overall market. However, the stock's long-term performance remains strong, with a remarkable increase of 989.56% over the past three years, despite the recent downturn. The company's fair valuation and growth potential, alongside its current trading discount compared to peers, may provide some optimism for investors, even as the stock faces challenges in the short term.