Why is Kokuyo Camlin falling/rising?

As of 30-Jul, Kokuyo Camlin Ltd's stock price is currently at 115.75, reflecting an increase of 2.2 or 1.94%. The stock has been gaining for the last two days, with a total return of 4.51% during this period. It opened with a gain of 2.6% today and reached an intraday high of Rs 118.25. However, despite this recent uptick, the stock has underperformed over the past month with a decline of 9.89% and a significant drop of 31.51% over the last year. The company has weak long-term fundamentals, evidenced by a -6.57% CAGR growth in operating profits over the last five years and a return on equity of only 5.65%. Additionally, domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its valuation or business prospects.
In the broader market context, while the Sensex has experienced a decline of 1.50% over the past week, Kokuyo Camlin's performance has been slightly better, with a decrease of only 0.94%. However, the stock's long-term performance remains concerning, as it has significantly underperformed the market, which saw a return of -2.34% over the last year. The stock's recent gains may be attributed to short-term trading activity rather than a fundamental improvement in the company's financial health, as indicated by the falling investor participation and the overall negative sentiment surrounding its long-term profitability.