Why is Kokuyo Camlin falling/rising?

As of 04-Sep, Kokuyo Camlin Ltd's stock price is currently at 117.75, reflecting an increase of 1.45, or 1.25%. The stock has been gaining for the last four days, with a total return of 4.95% during this period. It opened with a significant gain of 10.45% today, reaching an intraday high of Rs 128.45. However, despite this recent uptick, the stock has underperformed its sector by 1.79% today and has generated a substantial negative return of -44.54% over the past year, indicating ongoing challenges. The company's profitability has sharply declined, with a reported -100.8% drop in profits over the past year, contributing to a lack of confidence among investors, as evidenced by the negligible domestic mutual fund holdings.
Broader Market Context: In the short term, Kokuyo Camlin's stock has outperformed the benchmark Sensex, which has only increased by 0.80% over the past week, while Kokuyo Camlin's stock rose by 4.76%. This suggests that the recent price movement may be driven by specific factors related to the company rather than broader market trends. Despite the positive short-term performance, the long-term outlook remains concerning due to poor growth metrics and a significant decline in profitability, which could hinder sustained investor interest and confidence moving forward.