Why is GIC Housing Fin falling/rising?

As of 01-Jul, GIC Housing Finance Ltd is experiencing a rise in its stock price, currently at Rs 197.60, reflecting an increase of 1.85 (0.95%). The stock has shown a positive performance today, outperforming its sector by 1.08%, and has gained consecutively over the last two days with a total return of 1.59%. Additionally, it reached an intraday high of Rs 200.2. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Despite a year-to-date decline of 2.97% and a significant annual drop of 18.36%, the company’s profits have increased by 11.5%, and it is trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, GIC Housing Finance Ltd has outperformed the Sensex in the short term, with a 1-week return of 4.55% compared to the Sensex's 2.00%. However, the stock has underperformed over the longer term, with a year-to-date return significantly lower than the market average. The weak long-term fundamentals, including a declining net sales growth rate and low domestic mutual fund interest, suggest caution among investors. Despite its attractive valuation metrics, the stock's recent gains may be driven by short-term trading dynamics rather than a fundamental turnaround, as indicated by its historical underperformance relative to the broader market.