Why is Mafatlal Inds. falling/rising?

As of 11-Aug, Mafatlal Industries Ltd is experiencing a price increase, currently at Rs 146.30, reflecting a rise of Rs 4.8 or 3.39%. The stock has shown a positive performance today, outperforming its sector by 3.37% and achieving a consecutive gain over the last two days with a total return of 7.06%. It reached an intraday high of Rs 148, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these gains, the stock has underperformed in the short term with a 1-week return of -1.32% compared to the Sensex's -0.51%, and it has a significant year-to-date decline of -23.80%. The company benefits from a low debt-to-equity ratio and healthy long-term growth, with net sales increasing at an annual rate of 35.95%. However, it also faces challenges such as low management efficiency, indicated by a low return on equity of 7.58%, and minimal domestic mutual fund investment, suggesting a lack of confidence among institutional investors.
In the broader market context, Mafatlal Industries has underperformed the market over the past year, with a return of -21.72% compared to the BSE500's -1.85%. While the stock has shown recent positive momentum, its long-term performance remains concerning, particularly given the significant drop in investor participation, as evidenced by a 58.31% decline in delivery volume. The stock's attractive valuation, indicated by a PEG ratio of 0.5 and a price-to-book value of 1.4, contrasts with its recent struggles, highlighting a disconnect between its financial health and market perception. Overall, while the stock is currently rising, the broader context suggests caution due to its historical performance and investor sentiment.