Why is Jupiter Wagons falling/rising?

As of 02-Sep, Jupiter Wagons Ltd's stock price is currently at 330.15, reflecting an increase of 8.55, or 2.66%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 3.9% during this period. It outperformed its sector by 2.4% today and reached an intraday high of Rs 337.45, indicating strong short-term performance. However, despite these gains, the stock has underperformed over the past month and year, with returns of -1.84% and -40.56%, respectively. The company has a low Debt to Equity ratio, and while it has experienced healthy long-term growth in net sales and operating profit, it recently reported a significant decline in operating profit and net sales, which could be contributing to investor caution.
Broader market context shows that while Jupiter Wagons has seen a slight positive return in the short term, the benchmark Sensex has experienced a decline of -0.78% over the past week. This indicates that the stock's recent rise is somewhat isolated, as it has not followed the broader market trend. Additionally, the stock's performance over the last year has been notably poor compared to the market, which has generated negative returns of -4.82%. The significant drop in profits and the stock's expensive valuation relative to its peers may also be influencing investor sentiment, leading to a cautious outlook despite recent gains.