Why is Nagpur Power falling/rising?

As of 15-Jul, Nagpur Power & Industries Ltd is currently priced at 121.45, reflecting an increase of 1.45, or 1.21%. The stock has shown a trend reversal by gaining after five consecutive days of decline, and it outperformed its sector by 1.2% today. The stock reached an intraday high of Rs 124.85, indicating a positive movement. However, despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date decline of 21.65% and a one-year drop of 24.09%. Positive financial results, such as a significant increase in profit before tax and net sales growth, contrast with the company's weak long-term fundamentals, including a low return on equity and poor ability to service debt, which may contribute to investor caution.
In the broader market context, the stock's recent performance has been relatively better than the benchmark, as it outperformed the Sensex by 1.2% today. However, over the past week, the stock has declined by 2.06%, while the Sensex has only fallen by 1.36%. This indicates that while there may be some short-term positive momentum, the stock's long-term performance remains concerning, especially given its significant underperformance compared to the market over the past year. The overall market has generated a slight positive return of 0.37% in the last year, highlighting the stark contrast between the stock's performance and that of the broader market.