Why is Grindwell Norton falling/rising?

As of 31-Oct, Grindwell Norton Ltd. is experiencing a price increase, with its current price at Rs 1,698.00, reflecting a rise of Rs 19.55 or 1.16%. The stock has shown strong performance in recent days, gaining 9.58% over the last three days and outperforming its sector by 2.06% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, the stock has seen a significant increase in investor participation, with delivery volume rising by 362.72% against the 5-day average. However, despite these positive indicators, the company has faced challenges, including a poor long-term growth rate in net sales and a low debt-to-equity ratio, which may raise concerns among investors.
Broader market context shows that Grindwell Norton has outperformed the benchmark Sensex in the short term, with a 1-week return of +4.81% compared to the Sensex's -0.32%. However, the company has underperformed over longer periods, with a year-to-date return of -11.72% against the Sensex's +7.42%. This consistent underperformance over the last three years, coupled with a high PEG ratio and flat results in recent quarters, suggests that while the stock is currently rising, it faces significant long-term challenges that could impact its future performance.