Why is Monte Carlo Fas. falling/rising?

As of 23-Sep, Monte Carlo Fashions Ltd is experiencing a price increase, with the current price at Rs 687.60, reflecting a rise of Rs 41.95 or 6.5%. Today's performance indicates that the stock has outperformed its sector by 7.3%, reaching an intraday high of Rs 715, which is a 10.74% increase. Despite a wide trading range of Rs 85 and a weighted average price indicating more volume traded close to the low price, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While the stock has generated a negative return of -16.86% over the past year, it has seen a profit increase of 31.4%, resulting in a PEG ratio of 0.6, suggesting an attractive valuation compared to its peers. However, the company has shown poor long-term growth with an annual operating profit decline of -7.83% over the last five years, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its future performance.
In the broader market context, Monte Carlo Fashions Ltd has outperformed the Sensex in the short term, with a 1-week return of +5.80% compared to the benchmark's -0.34%. However, the stock has consistently underperformed against the benchmark over the last three years, with a significant decline of -16.86% in the past year, while the Sensex has only dropped -3.33%. This underperformance, coupled with falling investor participation and a low delivery volume, suggests that while the stock is currently rising, there are underlying concerns regarding its long-term growth potential and market confidence.