Why is Kokuyo Camlin falling/rising?

As of 01-Aug, Kokuyo Camlin Ltd's stock price is currently at Rs 116.15, reflecting an increase of 4.15 (3.71%). Today's performance indicates that the stock has outperformed its sector by 2.89%, reaching an intraday high of Rs 116.65. However, despite this short-term gain, the stock has shown a decline of 11.47% over the past month and a significant drop of 36.44% over the last year. The company's 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%, suggest low profitability. Additionally, the stock's valuation appears expensive with a ROCE of 10.3, and the lack of domestic mutual fund investment may indicate a lack of confidence in the stock's price or business prospects.
In the broader market context, while the stock has risen in the short term, it has underperformed the benchmark, with a 1-week return of +2.43% compared to the Sensex's -1.06%. This contrast highlights the stock's recent positive movement against a backdrop of broader market declines. However, the stock's long-term performance remains concerning, as it has significantly lagged behind the market over the past year, with a return of -36.44% compared to the BSE500's -4.13%. This underperformance, combined with falling investor participation and liquidity concerns, suggests that while there may be short-term gains, the overall outlook for Kokuyo Camlin remains weak.