Why is Multibase India falling/rising?

As of 04-Aug, Multibase India Ltd's stock price is currently at 266.00, reflecting an increase of 3.8, or 1.45%. The stock has shown a positive trend today, gaining after two consecutive days of decline and opening with a gain of 2.15%. It reached an intraday high of Rs 267.9, outperforming its sector by 0.52%. Despite this short-term gain, the stock has experienced a decline of 5.34% over the past month and a significant drop of 21.43% year-to-date. Positive factors contributing to the recent price movement include a high dividend yield of 21.36%, strong quarterly performance with a 23.17% growth in PAT, and the highest operating profit margin at 30.03%. However, concerns about long-term growth persist, as net sales have only grown at an annual rate of 3.43% over the last five years, and the stock is considered to have an expensive valuation with a Price to Book Value of 2.5.
In the broader market context, Multibase India has outperformed the Sensex by 0.76% over the past week, while the benchmark index has only gained 0.16%. However, the stock's year-to-date performance is notably worse than the Sensex, which has increased by 3.69%. The stock's recent gains may be attributed to rising investor participation, as indicated by an increase in delivery volume, but the overall long-term growth outlook remains a concern, which could impact future performance.