Why is Lux Industries falling/rising?

As of 11-Aug, Lux Industries Ltd is experiencing a price increase, currently at 1,319.00 with a change of 7.0 (0.53%) upward. Today's performance indicates a trend reversal as the stock has gained after seven consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting ongoing weakness. Despite a recent outperformance against its sector by 0.51%, the stock has shown a significant decline of 34.32% year-to-date and 43.10% over the past year, indicating poor long-term growth. The company has a low Debt to Equity ratio at 0.06 times and a fair valuation with a Price to Book Value of 2.3, but its recent profitability has not translated into stock performance, as evidenced by a 27.6% increase in profits alongside a steep decline in stock value.
In the broader market context, the stock has underperformed the benchmark, with a 1-week return of -2.29% compared to the Sensex's -0.51%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 35.79% against the 5-day average. The lack of confidence from domestic mutual funds, which hold only 0.32% of the company, further reflects skepticism about the stock's valuation and business prospects. Overall, while there is a slight uptick in price today, the long-term outlook remains concerning due to flat sales growth and poor performance relative to both the market and its peers.