Why is Escorts Kubota falling/rising?

As of 23-Jun, Escorts Kubota Ltd's stock price is currently at 3,323.40, reflecting an increase of 91.9 points or 2.84%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it outperformed its sector by 0.38%. It reached an intraday high of Rs 3,333, which is a 3.14% increase. Over the past week, the stock has risen by 5.54%, although it has underperformed over the past month and year, with declines of 5.41% and 23.26%, respectively. The company has a low debt-to-equity ratio, which is favorable, but its recent financial results have shown a decline in profit before tax and net sales compared to previous quarters, contributing to a perception of expensive valuation relative to its peers.
In the broader market context, the stock's short-term performance has been significantly better than the benchmark, with a 5.54% increase over the past week compared to a mere 0.12% rise in the Sensex. However, the stock has underperformed the market over the last year, generating a negative return of 23.26% while the broader market has seen a gain of 6.07%. This discrepancy highlights the challenges the company faces despite today's positive movement, as it continues to grapple with a decline in sales and profitability, which may affect investor sentiment moving forward.