Why is Morganite Crucib falling/rising?

As of 21-Aug, Morganite Crucible (India) Ltd is experiencing a slight increase in its stock price, currently at Rs 1,566.20, reflecting a change of 6.2 points or 0.4% upward. The stock has been gaining for the last three days, with a total return of 4% during this period. However, it underperformed its sector by 0.57% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite this, the company's long-term growth prospects appear weak, as evidenced by a low annual growth rate in net sales and operating profit over the past five years. Additionally, the stock's high valuation, reflected in its Price to Book Value ratio of 6.7, raises concerns among investors, especially given the flat results reported in June.
In the broader market context, Morganite's short-term performance of +1.70% over the past week is slightly below the benchmark Sensex, which has returned +1.74% in the same period. Year-to-date, the stock has gained only 0.79%, underperforming the Sensex's 4.94% increase. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's current price or business fundamentals. While the stock has shown some positive movements recently, the overall sentiment remains cautious due to its poor long-term growth metrics and high valuation compared to peers.