Why is GIC Housing Fin falling/rising?

As of 30-Jun, GIC Housing Finance Ltd's stock price is currently at 195.75, reflecting an increase of 1.25, or 0.64%. The stock has shown a positive trend today, gaining after two consecutive days of decline. It is performing in line with its sector, and the delivery volume has increased by 8.66% compared to the 5-day average, indicating rising investor participation. However, despite a year-to-date decline of 3.88% and a significant one-year drop of 20.28%, the company has seen an 11.5% rise in profits, suggesting a disconnect between stock performance and underlying profitability. The stock is trading at a discount relative to its peers, with a price-to-book value of 0.5, which may attract value investors despite its weak long-term fundamentals.
In the broader market context, GIC Housing Finance's short-term return of 5.07% over the past week outperforms the Sensex's 2.09% return, indicating some relative strength in the stock. However, the stock has underperformed the market significantly over the past year, where the BSE 500 has generated returns of 3.95% while GIC Housing Finance has seen a negative return of 20.28%. This underperformance, coupled with low domestic mutual fund interest, suggests a lack of confidence in the stock's long-term growth potential, despite its attractive valuation metrics.