Why is Jyoti CNC Auto. falling/rising?

As of 21-Jul, Jyoti CNC Automation Ltd's stock price is rising, currently at 1,075.20, reflecting an increase of 55.2 or 5.41%. Today's price summary indicates that the stock has outperformed its sector by 4.43% and has gained after two consecutive days of decline, reaching an intraday high of Rs 1,084.1. Despite this positive movement, the stock has shown a mixed performance over the past week, with a return of +4.87% compared to a slight decline of -0.06% in the Sensex. However, the stock's year-to-date performance remains concerning, with a decline of -20.29%. The company has demonstrated strong financial health, evidenced by a low Debt to EBITDA ratio of 0.38 times and significant growth in net sales and operating profit, which have increased by 23.81% and 57.61%, respectively, over the last six months.
In the broader market context, while Jyoti CNC Automation Ltd has outperformed the sector recently, it has consistently underperformed against the benchmark over the last three years, generating -6.02% returns in the past year compared to a +5.20% increase in the Sensex year-to-date. This underperformance is notable, especially given the company's impressive profit growth of 126% over the same period. The stock's valuation is considered expensive, with a ROCE of 22.1 and a PEG ratio of 0.6, which may contribute to investor caution despite the recent positive price movement. Overall, while the stock is currently rising, its long-term performance relative to the market remains a concern for investors.