Why is Kalyani Invest. falling/rising?

As of 23-Oct, Kalyani Investment Company Ltd is experiencing a significant rise in its stock price, currently at 6,299.90, reflecting an increase of 472.85 or 8.11%. The stock has shown strong performance today, outperforming its sector by 7.97% and achieving consecutive gains over the last five days, with a total return of 29.41% during this period. It opened with a gain of 2.97% and reached an intraday high of Rs 6,380.85. Despite this positive movement, the stock has a mixed performance over the longer term, with a year-to-date return of 4.36% and a one-year return of -19.18%. The company has an attractive valuation with a low Price to Book Value of 0.3, but it has also faced challenges, including a decline in profits by 8.9% over the past year.
Broader Market Context: In comparison to the benchmark, Kalyani Investment has significantly outperformed the Sensex in the short term, with a one-week return of 24.33% against the Sensex's 1.30%. However, the stock has underperformed over the past year, where the Sensex generated a return of 5.59%. The weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 0.89%, and negative financial results in the last quarter, including a substantial drop in net sales and profit after tax, suggest underlying issues that may affect investor confidence. Additionally, the low stake held by domestic mutual funds may indicate a lack of comfort with the stock's valuation or business prospects, despite its recent price increase.