Why is Mindteck (India) falling/rising?

As of 29-Aug, Mindteck (India) Ltd is experiencing a price increase, currently at 196.00, reflecting a change of 2.65 (1.37%) upward. Today's price summary indicates that the stock has outperformed its sector by 2.05% and has shown a trend reversal after two consecutive days of decline. However, it opened with a loss of 3.28% and reached an intraday low of Rs 187. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant year-to-date decline of 33.55%, the company has a low debt-to-equity ratio and has shown healthy long-term growth with an annual operating profit increase of 75.31%. Nevertheless, the stock's performance over the past year has been poor, with a return of -36.36%, which may deter investor confidence.
Broader market context shows that while Mindteck has underperformed the market over the last year, the benchmark Sensex has only declined by 2.83%. In the short term, the stock's performance has been better than the benchmark, as it has outperformed the sector today. However, the lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's valuation or business prospects. Overall, while there are some positive indicators such as rising investor participation and attractive valuations compared to peers, the significant underperformance over the past year and recent flat results may contribute to a cautious outlook for investors.