Why is Mayur Uniquoters falling/rising?

As of 01-Sep, Mayur Uniquoters Ltd is experiencing a price increase, currently at Rs 531.95, reflecting a rise of 10.95 or 2.1%. The stock has gained after five consecutive days of decline, reaching an intraday high of Rs 536.2. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short term. Despite a negative return of -14.12% over the past year, the company's profits have increased by 18%, and it has a low debt-to-equity ratio, which may attract some investor interest. Additionally, institutional investors have increased their stake, suggesting a positive outlook from more sophisticated market participants.
In the broader market context, Mayur Uniquoters has outperformed the benchmark Sensex in the short term, with a 1-month return of +1.07% compared to the Sensex's -0.29%. However, the stock has underperformed in the longer term, with a year-to-date return of -12.59% against the Sensex's +2.85%. The recent increase in price may be a reaction to the improved institutional interest and the company's fair valuation compared to peers, despite the overall negative sentiment reflected in its long-term performance metrics.