Why is Escorts Kubota falling/rising?

As of 26-Jun, Escorts Kubota Ltd's stock price is currently at 3,356.00, reflecting an increase of 57.95, or 1.76%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 0.32%. It reached an intraday high of Rs 3,378, which is a 2.42% increase. However, the stock's performance over the past month has been negative, with a decline of 4.39%, and it has underperformed significantly over the past year, with a return of -21.16%. The company has a low debt-to-equity ratio, but its recent financial results have been disappointing, with a notable drop 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 return of +3.12% over the past week has outperformed the Sensex, which increased by 2.94%. Despite this short-term gain, the stock has struggled year-to-date, with a return of only +0.88% compared to the Sensex's +7.19%. The overall market has shown resilience, generating positive returns, while Escorts Kubota has faced challenges, including falling investor participation and a significant decline in delivery volume. This combination of factors suggests that while there may be some short-term recovery, the stock's long-term outlook remains uncertain amid its recent underperformance and disappointing financial results.