Why is Kanchi Karpooram falling/rising?

As of 17-Jul, Kanchi Karpooram Ltd's stock price is currently at Rs 464.00, reflecting an increase of Rs 20.05 or 4.52%. The stock has shown a strong performance today, outperforming its sector by 4.27% and achieving a consecutive gain over the last five days, with a total return of 9.58% during this period. The stock reached an intraday high of Rs 470, indicating positive momentum. However, it is important to note that the stock has a low delivery volume, which has decreased by 21.52% compared to the five-day average, suggesting a decline in investor participation. Despite this, the company has a low debt-to-equity ratio, which can be seen as a positive factor, although it has faced challenges with poor long-term growth, as indicated by declining net sales and operating profit over the past five years.
In the broader market context, Kanchi Karpooram's recent short-term return of 9.58% over the past week significantly outperforms the benchmark Sensex, which has declined by 1.12% during the same period. However, the stock has consistently underperformed against the benchmark over the last three years, with a year-to-date return of -13.27% compared to the Sensex's 5.27%. This consistent underperformance, coupled with flat results in recent financial reports, raises concerns about the company's long-term growth potential, despite its recent price increase.