Why is Kokuyo Camlin falling/rising?

As of 17-Sep, Kokuyo Camlin Ltd's stock price is currently at 115.90, reflecting an increase of 1.6, or 1.4%. The stock has outperformed its sector today by 0.94%, although it is trading below its longer-term moving averages, specifically the 50-day, 100-day, and 200-day averages. Over the past week, the stock has risen by 1.98%, and in the last month, it has increased by 5.99%. However, it has experienced a significant decline of 45.47% over the past year, with profits plummeting by 100.8%. The stock's valuation appears attractive with a return on capital employed (ROCE) of 10.3, but the lack of domestic mutual fund investment suggests a lack of confidence in its long-term growth prospects.
In the broader market context, Kokuyo Camlin's recent performance has been better than the benchmark Sensex, which has risen by 1.56% over the past week and 2.60% over the past month. Despite this short-term outperformance, the stock has underperformed the market significantly over the past year, where the Sensex has only declined by 0.46%. The company's flat results in June and poor long-term growth metrics, such as an annual net sales growth rate of only 8.64% over the last five years, contribute to a cautious outlook. The decline in investor participation, as indicated by a 6.9% drop in delivery volume, further underscores the challenges facing the stock.