Why is IZMO falling/rising?

As of 28-Jul, IZMO Ltd's stock price is currently at 385.15, reflecting an increase of 4.55 or 1.2%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Today, it outperformed its sector by 2.42% and reached an intraday high of Rs 399.6, marking a 4.99% increase. Despite this positive movement, the stock has experienced a significant decline of 30.51% year-to-date and a 23.96% drop over the past year. However, the company has reported healthy long-term growth, with operating profit increasing at an annual rate of 37.13% and positive results for the last three consecutive quarters, including a 113.54% growth in PAT for the first nine months.
In the broader market context, IZMO's short-term performance has been relatively better than the benchmark Sensex, which has declined by 1.59% over the past week while IZMO fell by 7.27%. This indicates that while the stock has faced challenges, its recent uptick suggests a potential recovery phase. The company's low debt-to-equity ratio and attractive valuation, with a price-to-book value of 1.6, further support its resilience. Despite falling investor participation and a decrease in delivery volume, the stock's liquidity remains adequate for trading, which may contribute to its recent price increase.