Why is Pilani Invest. falling/rising?

As of 24-Sep, Pilani Investment & Industries Corporation Ltd is experiencing a price increase, currently at 5,415.20, reflecting a rise of 120.45 or 2.27%. The stock has shown a positive trend today, outperforming its sector by 2.36% and reversing a two-day decline. It reached an intraday high of Rs 5582.1, marking a 5.43% increase. Over the past week, the stock has gained 2.85%, while its one-month performance shows a 7.75% increase. However, despite this recent uptick, the company has reported negative results over the last three quarters, with a significant drop in profits and sales, which may raise concerns among investors regarding its long-term viability.
In the broader market context, while Pilani Investment has outperformed the Sensex in the short term, with a 1-week return of +2.85% compared to the Sensex's -1.18%, its year-to-date performance is lagging behind the benchmark, showing only a 1.10% increase against the Sensex's 4.58%. The stock is trading at a premium relative to its peers, which could indicate overvaluation, especially given its weak long-term fundamentals and low return on equity. The lack of domestic mutual fund investment further suggests a lack of confidence in the stock's future performance, despite its recent price rise.