Why is IST falling/rising?

As of 24-Jun, IST Ltd's stock price is currently at Rs 940.00, reflecting an increase of Rs 12.0 or 1.29%. The stock has shown a trend reversal by gaining after four consecutive days of decline, and today it outperformed its sector by 0.59%. The stock reached an intraday high of Rs 960, indicating a positive movement within the day. However, it is important to note that the stock has experienced a decline of 5.37% over the past week, while it has gained 9.74% over the past month. Despite this recent uptick, the company faces challenges such as a low Return on Equity (ROE) of 9.64%, poor long-term growth in net sales and operating profit, and negative quarterly results that have raised concerns about its profitability and management efficiency.
In the broader market context, IST Ltd's recent performance contrasts with the Sensex, which has increased by 0.58% over the past week. While the stock has outperformed the sector today, its year-to-date performance shows a decline of 0.74% compared to the Sensex's gain of 5.01%. Additionally, the company's low debt-to-equity ratio and relatively high valuation compared to peers may not be enough to attract domestic mutual funds, which hold no stake in the company. This lack of investor confidence, coupled with falling investor participation and liquidity issues, suggests that while the stock may have seen a short-term rise, underlying concerns could limit its longer-term potential.