Why is Kanani Industrie falling/rising?

As of 23-Sep, Kanani Industries Ltd is experiencing a price increase, currently at 1.98, reflecting a rise of 0.03 or 1.54%. The stock has shown a positive performance today, outperforming its sector by 2.12% and has gained consecutively for the last two days, accumulating a total return of 2.06% during this period. Despite a year-to-date decline of 26.67% and a one-year drop of 30.28%, the stock has recently seen a significant increase in investor participation, with delivery volume rising by 205.19% compared to the five-day average. However, the company faces challenges, including weak long-term fundamental strength, as indicated by a -34.90% CAGR growth in operating profits over the last five years and a low return on equity of 1.90%, which suggests low profitability.
In the broader market context, the stock's short-term return of +1.02% over the past week contrasts with the Sensex, which has declined by 0.34%. While the stock has shown some recent gains, it has consistently underperformed against the benchmark over the last three years, highlighting a trend of underperformance with a significant decline in returns compared to the broader market. The stock's current valuation appears expensive relative to its low profitability metrics, and despite trading at a discount compared to peers, the overall weak financial indicators suggest that the recent price movement may not be sustainable in the long term.