Why is Jainex Aamcol falling/rising?

As of 18-Jul, Jainex Aamcol Ltd's stock price is currently at 192.25, reflecting an increase of 0.35 (0.18%). The stock has outperformed its sector by 0.67% today, although it has shown a decline of 4.40% over the past week. In terms of moving averages, the stock is trading higher than the 20-day, 50-day, and 100-day moving averages but lower than the 5-day and 200-day averages. Despite generating a return of 21.29% over the past year, the company's profits have decreased by 17%, indicating a potential concern regarding its long-term profitability. Additionally, the stock is trading at a discount compared to its peers' average historical valuations, which may attract some investors despite the weak fundamentals reflected in its low EBIT to Interest ratio.
Broader market context shows that while Jainex Aamcol has outperformed the BSE500 index, which has generated negative returns of -0.36% over the last year, the stock's recent performance is mixed. The stock's year-to-date performance is down by 17.88%, contrasting sharply with its 1-month gain of 13.46%. This suggests that while there are short-term gains, the long-term outlook remains uncertain due to weak operating profit growth and declining investor participation, as indicated by a significant drop in delivery volume. Overall, the stock's recent rise can be attributed to its attractive valuation relative to peers and market-beating performance, but concerns about its fundamental strength and profitability persist.