Why is Olectra Greentec falling/rising?

As of 18-Jul, Olectra Greentech Ltd's stock price is currently at 1,283.55, reflecting an increase of 8.4 points or 0.66%. The stock has shown a positive trend, gaining 5.9% over the last four days and outperforming its sector by 1.88%. In the past week, the stock has risen by 4.78%, while over the past month, it has increased by 10.09%. Despite a year-to-date decline of 11.27% and a significant drop of 27.48% over the past year, the company has demonstrated strong fundamentals, including a low debt-to-equity ratio and impressive growth in net sales and operating profit. The recent positive performance can be attributed to the company's consistent positive results over the last three quarters, with notable growth in net sales and profit before tax.
In the broader market context, Olectra Greentech's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of 0.90% over the past week and a modest gain of 0.38% over the past month. While the stock has outperformed the market in the short term, it has underperformed over the past year compared to the BSE500 index, which recorded a negative return of 0.36%. The low participation from domestic mutual funds, holding only 0.46% of the company, may indicate a lack of confidence in the stock's valuation, despite its recent gains. This mixed sentiment reflects the challenges the company faces in maintaining investor confidence amidst its historical underperformance.