Why is Kotyark Indust. falling/rising?

As of 04-Aug, Kotyark Industries Ltd's stock price is currently at Rs 234.00, reflecting an increase of Rs 7.95 or 3.52%. Today's trading has shown significant volatility, with the stock opening down by 4.4% before reaching an intraday high of Rs 250, a rise of 10.6%. Despite this upward movement, the stock has underperformed over the past week and month, with declines of 2.82% and 21.74%, respectively. The company's performance has been impacted by a substantial drop in profits of 37% over the past year, contributing to a significant year-to-date decline of 74.82%. However, the stock's high dividend yield of 6.05% and strong management efficiency, indicated by a high ROCE of 20.06%, suggest potential for long-term growth, which may be influencing the recent price increase.
In the broader market context, Kotyark Industries has underperformed compared to the Sensex, which has gained 0.17% over the past week and declined by only 2.90% over the past month. This stark contrast highlights the challenges faced by Kotyark Industries, particularly given its significant year-to-date decline of 74.82% compared to the Sensex's positive return of 4.56%. The stock's recent rise today, despite its overall poor performance, may reflect a temporary correction or speculative trading, as indicated by the high volatility and wide trading range observed.