Why is Pavna Industries falling/rising?

As of 24-Jun, Pavna Industries Ltd is experiencing a price increase, with the current price at Rs 408.00, reflecting a change of 2.3 (0.57%) upward. Today's price summary indicates that the stock has gained after three consecutive days of decline, opening with a gain of 2.43% and reaching an intraday high of Rs 422.85, which is a 4.23% increase. However, despite this short-term gain, the stock has underperformed significantly over the past year, with a return of -23.62%, while its profits have decreased by 30.1%. The company's weak long-term fundamentals, highlighted by a -2.48% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio, contribute to a cautious outlook despite the recent price movement.
In the broader market context, Pavna Industries has shown a -5.01% return over the past week, contrasting with a +0.58% return from the Sensex, indicating that the stock is lagging behind the benchmark. While the stock's recent performance is inline with sector trends, the overall negative returns over the past year suggest a lack of investor confidence, as evidenced by the low domestic mutual fund holdings at 0%. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume by 50.81% against the five-day average raises concerns about investor participation and sentiment.