Why is Pilani Invest. falling/rising?

As of 08-Jul, Pilani Investment & Industries Corporation Ltd's stock price is currently at 5,402.50, reflecting an increase of 11.5 points or 0.21%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 0.26% today and reached an intraday high of Rs 5,510.9, which is a 2.22% increase. Over the past year, the stock has generated a return of 9.14%, significantly outperforming the BSE500 in the last three years, one year, and three months. However, it is important to note that despite this performance, the company's profits have fallen by 40.8%, and it has a relatively low return on equity (ROE) of 0.6, indicating weak long-term fundamental strength.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 1.50% over the past week while the Sensex has increased by 0.02%. Despite the recent uptick in price, the stock is trading at a premium compared to its peers' average historical valuations, which may raise concerns among investors. Additionally, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation or business prospects. Overall, while the stock has shown some positive movement today, the underlying fundamentals and market sentiment present a mixed picture.