Why is Mukand falling/rising?

As of 22-Jul, Mukand Ltd's stock price is currently at 140.15, reflecting an increase of 2.35, or 1.71%. Today's price summary indicates that the stock has outperformed its sector by 2.11% and has shown a trend reversal by gaining after three consecutive days of decline. It opened with a gap up of 3.7% and reached an intraday high of Rs 142.9. Despite a one-week return of -0.64%, the stock has performed well over the past month with a return of +22.40%. However, the company has faced challenges, including a significant decline in profits and a low return on capital employed, which may have contributed to its underperformance over the past year.
In the broader market context, Mukand's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of -0.47% over the past week. While Mukand has shown a positive return in the short term, its long-term fundamentals remain weak, as evidenced by a high debt-to-EBITDA ratio and a consistent underperformance against the benchmark over the last three years. The lack of domestic mutual fund investment may also indicate a lack of confidence in the company's future prospects, despite its attractive valuation relative to peers.