Why is Munjal Auto Inds falling/rising?

As of 25-Aug, Munjal Auto Industries Ltd is experiencing a rise in its stock price, currently at Rs 88.33, reflecting an increase of Rs 2.03 or 2.35%. The stock has shown strong performance recently, gaining 17.49% over the past week and outperforming its sector by 2.58% today. It has been on a consecutive gain streak for the last five days, with an intraday high of Rs 96.95. Despite a year-to-date decline of 9.36% and a one-year drop of 18.10%, the company is trading above its moving averages, indicating positive momentum. Additionally, the company boasts a high dividend yield of 3.48% and a strong ability to service debt, which may contribute to investor confidence.
In the broader market context, while the Sensex has only increased by 0.45% over the past week, Munjal Auto's significant short-term gains highlight its relative strength. However, the company has faced challenges, including negative results in the last three quarters and a substantial profit decline of 53.5% over the past year. This underperformance compared to the market, which saw a negative return of 2.11% in the same period, suggests that while the stock is currently rising, underlying issues may still affect its long-term outlook. The low stake held by domestic mutual funds may indicate a lack of confidence in the company's future performance, despite its attractive valuation metrics.