Why is GIC Housing Fin falling/rising?

As of 16-Jul, GIC Housing Finance Ltd is currently priced at 204.00, reflecting an increase of 1.45 (0.72%). The stock has shown a positive trend recently, gaining 2.62% over the last three days, although it underperformed its sector by 0.63% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish sentiment among investors. Despite a year-to-date return of only 0.17%, the stock has outperformed the benchmark Sensex over the past week and month, with returns of 3.21% and 7.03%, respectively. However, the stock has experienced a significant decline of 21.17% over the past year, despite an increase in profits by 11.5%, which suggests a disconnect between market perception and company performance. The stock's attractive valuation, with a Price to Book Value of 0.6, may also be contributing to its recent price increase.
In the broader market context, while GIC Housing Finance has shown some positive short-term returns, it has notably underperformed the Sensex, which has gained 5.75% year-to-date. The stock's weak long-term fundamentals, including a declining net sales growth rate and poor performance in recent quarterly results, may be causing caution among investors. The lack of domestic mutual fund investment, which stands at 0%, could indicate a lack of confidence in the stock's future performance. Overall, while the recent price movement reflects some positive investor sentiment, the underlying fundamentals and market context suggest a cautious outlook for GIC Housing Finance.