Why is ISGEC Heavy falling/rising?

As of 14-Nov, ISGEC Heavy Engineering Ltd's stock price is rising, currently at 890.70, reflecting an increase of 24.65 or 2.85%. The stock has shown a positive performance today, outperforming its sector by 2.79% and achieving a consecutive gain over the last three days with a total return of 5.69%. It reached an intraday high of Rs 894.3, indicating strong investor interest, as evidenced by a significant increase in delivery volume, which rose by 130% against the 5-day average. Despite a year-to-date decline of 38.28% and a one-year drop of 29.28%, the company maintains a low debt-to-equity ratio of 0.33 and an attractive valuation with a return on capital employed (ROCE) of 12.4, suggesting potential for recovery.
Broader Market Context: In the short term, ISGEC Heavy's stock has outperformed the benchmark Sensex, which has increased by 1.62% over the past week, while ISGEC Heavy's stock rose by 2.95%. However, it is important to note that the stock has underperformed the market over the past year, where the Sensex generated an 8.22% return compared to ISGEC's negative return of 29.28%. This disparity highlights the challenges the company faces, including poor long-term growth and declining profits, which may temper investor enthusiasm despite the recent uptick in stock price.