Why is Indian CardCloth falling/rising?

As of 03-Jul, Indian Card Clothing Company Ltd's stock price is rising, currently at Rs 320.00, reflecting an increase of Rs 16.35 or 5.38%. The stock has outperformed its sector by 5.23% today and has experienced consecutive gains over the last two days, accumulating a total return of 5.75% in this period. Despite a decline of 6.54% over the past month, the stock has shown a strong performance over the last year with a return of 19.11%, significantly higher than the market's return of 4.07%. Positive factors contributing to this rise include a substantial growth in profit after tax and a high return on capital employed, although the company faces challenges with operating losses and a weak ability to service its debt.
Broader market context indicates that while the stock has performed well in the last year, it has struggled in the short term, with a 1-week return of +0.98% compared to a -0.62% decline in the Sensex. This suggests that the stock's recent upward movement may be partially driven by its strong historical performance and positive quarterly results, despite broader market pressures. However, the stock's liquidity remains adequate for trading, and the recent gains may reflect investor confidence in its potential recovery, even as concerns about its long-term fundamentals persist.