Why is Fine Organic falling/rising?

As of 14-Nov, Fine Organic Industries Ltd is experiencing a price increase, with the current price at Rs 4,490.10, reflecting a rise of Rs 126.3 or 2.89%. The stock has shown a positive performance today, outperforming its sector by 2.94% and achieving a consecutive gain over the last three days, with a total return of 6.71% during this period. The stock reached an intraday high of Rs 4,527.35, indicating strong trading activity. However, despite this recent uptick, the stock has underperformed over the longer term, with a -1.68% return over the past month and a -4.47% return over the past year. The company boasts a high return on equity (ROE) of 24.79% and a low debt-to-equity ratio, which are positive indicators. Nonetheless, it faces challenges such as flat results in its latest financial report and a high price-to-book value ratio compared to peers, suggesting it may be overvalued.
In the broader market context, Fine Organic's short-term return of +3.14% over the past week has outperformed the Sensex, which gained +1.62% during the same period. However, the stock's longer-term performance has been disappointing, with a -26.52% return over the past three years compared to the Sensex's +37.22%. This consistent underperformance against the benchmark, coupled with declining profits and a low inventory turnover ratio, raises concerns about the stock's sustainability despite its recent gains. Overall, while the stock is currently rising, its long-term outlook remains uncertain due to these underlying issues.