Why is Dhanlaxmi Cotex falling/rising?

As of 02-Jul, Dhanlaxmi Cotex Ltd's stock is currently priced at 159.55, reflecting an increase of 3.85 or 2.47%. Today, the stock opened with a gain of 2.47% and reached an intraday high of Rs 167.9, which is a rise of 7.84%. Despite this positive movement today, the stock has underperformed over the past week and month, with declines of 5.62% and 24.44%, respectively. However, it has shown strong performance over the past year, generating a return of 128.39%, significantly outperforming the market. The company has an attractive valuation with a Price to Book Value of 1.1 and a PEG ratio of 0.1, indicating that it is trading at a fair value compared to its peers. Nonetheless, the company has reported operating losses and weak long-term fundamental strength, which could be a concern for investors.
In the broader market context, while Dhanlaxmi Cotex has seen a notable rise in its year-to-date performance of 26.93%, it has lagged behind the benchmark Sensex, which has increased by 6.75% in the same period. The stock's recent performance today has outperformed its sector by 3.7%, indicating a positive short-term sentiment among investors. However, the significant declines in the stock's performance over the past week and month highlight volatility and potential concerns regarding its long-term fundamentals, particularly in light of the company's recent operating losses and flat results.