Why is Ishan Dyes falling/rising?

As of 15-Jul, Ishan Dyes and Chemicals Ltd is experiencing a price increase, currently at 59.02, reflecting a rise of 0.97 or 1.67%. Despite this uptick, the stock has underperformed its sector significantly, with erratic trading patterns noted as it did not trade on one day out of the last twenty. The stock is also trading below its moving averages across various time frames, indicating a potential weakness in momentum. While the stock has generated a return of 5.98% over the past year, its operating profits have seen a substantial increase of 86%, suggesting that the stock is trading at an attractive valuation compared to its peers. However, the weak long-term fundamental strength, highlighted by a -12.97% CAGR growth in operating profits over the last five years, raises concerns about its sustainability.
In the broader market context, Ishan Dyes has outperformed the Sensex in the short term, with a 1-week return of +3.82% compared to the benchmark's -1.36%. This indicates that, despite the stock's recent price increase, it is still facing challenges in terms of liquidity and investor participation, as evidenced by a significant drop in delivery volume. The stock's current valuation metrics, including a low PEG ratio of 0.3, suggest it may be undervalued relative to its earnings growth potential, yet the overall weak profitability as indicated by a low return on equity could deter long-term investors.