Why is Granules India falling/rising?

As of 13-Aug, Granules India Ltd's stock price is currently at Rs 461.50, reflecting an increase of Rs 6.5, or 1.43%. The stock has been gaining momentum, having risen 4.93% over the last three days, and it reached an intraday high of Rs 466.2 today. Despite this recent uptick, the stock has shown a negative performance over the past month and year, with returns of -1.58% and -31.66%, respectively. The company benefits from high management efficiency, indicated by a robust ROCE of 18.77%, and a strong ability to service debt, as evidenced by a low Debt to EBITDA ratio of 0.91 times. However, the stock has underperformed compared to its peers and the broader market, which may contribute to investor caution.
In the broader market context, Granules India has outperformed the Sensex in the short term, with a 1-week return of +5.05% compared to the benchmark's flat performance of -0.01%. However, the stock's long-term performance remains concerning, as it has significantly underperformed the market over the past year, with a decline of -31.66% against the Sensex's increase of +2.01%. This disparity in performance, coupled with falling investor participation and a decline in delivery volume, suggests that while there may be short-term gains, the overall sentiment towards the stock remains cautious due to its poor long-term growth prospects and recent flat results.