Why is Permanent Magnet falling/rising?

As of 22-Jul, Permanent Magnets Ltd's stock price is rising, currently at 1,018.85, reflecting an increase of 18.85 or 1.89%. The stock has shown strong performance recently, with a 1-week return of +13.60% and a 1-month return of +9.67%, significantly outperforming the Sensex, which has seen declines of -0.47% and -0.27% respectively. Today's trading saw the stock reach an intraday high of Rs 1,039.95, although it also touched a low of Rs 980. Despite a slight decrease in investor participation, indicated by a 1.12% drop in delivery volume, the stock is trading above its moving averages across various time frames. However, the company faces challenges, including poor long-term growth metrics, with net sales and operating profit growth rates lagging behind expectations, and a significant decline in PAT over the last six months.
In the broader market context, Permanent Magnets Ltd's recent performance contrasts sharply with the Sensex, which has struggled to maintain positive returns. While the stock has generated a return of -3.05% over the past year, it has outperformed the benchmark in the short term, indicating a divergence in investor sentiment. The company's low debt-to-equity ratio is a positive factor, but the lack of domestic mutual fund investment suggests caution among institutional investors. Overall, while the stock is currently rising, underlying concerns about its long-term growth and profitability may temper investor enthusiasm moving forward.