Why is Pavna Industries falling/rising?

As of 27-Jun, Pavna Industries Ltd is experiencing a price increase, currently at Rs 417.05, reflecting a rise of Rs 16.55 or 4.13%. The stock opened with a gain of 2.55% today and reached an intraday high of Rs 417.9. Despite this positive movement, the stock has underperformed in the longer term, with a year-to-date return of -15.41% and a one-year return of -23.62%. The company has a fair valuation with a return on capital employed (ROCE) of 8.8, but its profits have declined by 30.1% over the past year. Additionally, the stock is trading at a discount compared to its peers, which may attract some investors, despite the weak long-term fundamentals indicated by a -2.48% CAGR growth in operating profits over the last five years.
In the broader market context, while Pavna Industries has outperformed its sector by 3.45% today, it has lagged behind the Sensex, which has gained 2.00% over the past week and 3.07% over the past month. The stock's recent rise may be influenced by increased investor participation, as evidenced by a 60.06% rise in delivery volume compared to the five-day average. However, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, potentially limiting its upward momentum in the long term. Overall, while the stock shows short-term gains, its long-term performance remains a concern.