Why is Intl. Combustion falling/rising?

As of 13-Aug, International Combustion (India) Ltd is experiencing a price increase, currently at Rs 733.95, reflecting a rise of Rs 18.8 or 2.63%. Today's price summary indicates that the stock opened with a gain of 2.08% and reached an intraday high of Rs 762, outperforming its sector by 2.6%. However, it is important to note that the stock remains 2.58% away from its 52-week low and has been trading below its moving averages across various time frames. Additionally, the stock has seen a significant drop in delivery volume, which fell by 58.53% against the 5-day average, indicating a decline in investor participation. Despite the recent upward movement, the stock has underperformed over the past year with a return of -37.23%, while its profits have decreased by 23.5%.
In the broader market context, the stock's short-term performance shows a decline of 1.52% over the past week, contrasting with the Sensex, which has remained relatively flat with a change of -0.01%. This underperformance is notable given that the stock has generated significantly lower returns compared to the market over the last year. While the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, the negative results reported in June, including a substantial drop in profit after tax, have contributed to a bearish sentiment among investors. Overall, while the stock has seen a temporary rise, the underlying factors suggest a cautious outlook due to its historical performance and recent financial results.