Why is Menon Pistons falling/rising?

As of 19-Sep, Menon Pistons Ltd is currently priced at 69.09, reflecting a slight increase of 0.11 (0.16%). The stock has shown a trend reversal, gaining after two consecutive days of decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, there has been a notable decrease in investor participation, with delivery volume dropping by 28.49% compared to the 5-day average. Over the past week, the stock has underperformed slightly with a return of -0.12%, while it has performed better over the past month with a return of +4.52%. Despite a year-to-date decline of 3.56% and a significant drop of 19.86% over the past year, the company has reported positive results recently, including a high return on equity and a low debt-to-equity ratio, which could be contributing to the recent price stabilization.
In the broader market context, the Sensex has increased by 0.88% over the past week and by 1.20% over the past month, indicating a generally positive market environment. However, Menon Pistons has underperformed the market significantly over the past year, with its return of -19.86% contrasting sharply with the Sensex's minor decline of 0.67%. This underperformance highlights the challenges the company faces, including poor long-term growth rates in net sales and operating profit. Despite these challenges, the stock's attractive valuation relative to its peers and recent positive financial indicators may provide some support for its current price movement.