Why is Grindwell Norton falling/rising?

As of 01-Oct, Grindwell Norton Ltd. has seen its stock price rise to 1,627.00, reflecting an increase of 41.05 or 2.59%. The stock has outperformed its sector today by 1.47% and has been on a consecutive gain for the last two days, accumulating a total return of 5.06% during this period. Additionally, the stock's performance over the past week shows a modest increase of 0.82%, while it has underperformed the benchmark over the longer term, with a year-to-date decline of 15.41% compared to the Sensex's gain of 3.64%. Positive factors contributing to the stock's recent movement include high management efficiency indicated by a return on equity (ROE) of 18.29%, a low debt-to-equity ratio, and significant institutional holdings at 25.02%. However, the company faces challenges such as poor long-term growth, flat results in recent quarters, and consistent underperformance against benchmarks over the last three years.
In the broader market context, Grindwell Norton has shown a short-term positive return, outperforming the Sensex by 1.72% in the last week, while the benchmark has declined by 0.90%. Despite this short-term outperformance, the stock's long-term performance remains concerning, with a significant decline of 32.79% over the past year compared to the Sensex's drop of only 3.90%. This disparity highlights the stock's struggle to maintain investor confidence amid a backdrop of poor growth metrics and valuation concerns, suggesting that while recent movements may be positive, the overall outlook remains cautious.