Why is Kalyani Invest. falling/rising?

As of 01-Oct, Kalyani Investment Company Ltd is experiencing a rise in its stock price, currently at Rs 5,169.00, reflecting an increase of Rs 243.4 or 4.94%. The stock has shown strong performance today, outperforming its sector by 4.45% and has been on a consecutive gain streak for the last three days, accumulating a total return of 5.27% during this period. It opened with a gain of 2.67% and reached an intraday high of Rs 5,387.55, which is a 9.38% increase. Despite this positive movement, the stock has underperformed over the past year with a return of -19.40%, while its profits have decreased by 8.9%. The stock is trading at a discount compared to its peers, with a low Price to Book Value of 0.3, which may attract some investors, although the weak long-term fundamentals, indicated by an average Return on Equity (ROE) of 0.89%, raise concerns.
In the broader market context, Kalyani Investment's short-term return of +1.06% over the past week contrasts with the Sensex, which has declined by 0.90%. Over the last month, the stock has outperformed the benchmark, gaining 8.36% compared to the Sensex's 0.77% increase. However, the stock's year-to-date performance remains weak at -14.37%, significantly underperforming the Sensex's gain of 3.64%. The falling investor participation, with a notable decrease in delivery volume, suggests a lack of confidence among investors, which could impact future price movements despite the recent gains.