Why is Kokuyo Camlin falling/rising?

As of 10-Jun, Kokuyo Camlin Ltd's stock price is rising, currently at 127.95, reflecting an increase of 7.25 (6.01%). The stock has shown strong performance today, outperforming its sector by 3.37% and gaining 15.27% over the last two days. It opened with a significant gain of 4.76% and reached an intraday high of Rs 136.75, indicating positive momentum. However, despite this short-term rise, the stock has underperformed over the past year, with a return of -10.46% compared to the Sensex's gain of 7.72%. The technical trend remains sideways, suggesting a lack of clear price momentum, although it has improved from a mildly bearish stance.
In the broader market context, Kokuyo Camlin's recent gains contrast sharply with its long-term performance, as it has shown a -0.81% return year-to-date while the Sensex has increased by 5.44%. The stock's weak long-term fundamentals, including a -6.57% CAGR growth in operating profits over the last five years and a low return on equity of 5.65%, raise concerns about its sustainability. Additionally, the lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the company's prospects. Despite the recent uptick in price, the overall sentiment remains cautious due to the significant decline in profits and the stock's historical underperformance relative to the market.