Why is Pion. Embroider. falling/rising?

As of 29-Jul, Pioneer Embroideries Ltd's stock price is currently at Rs 40.53, reflecting an increase of Rs 1.67 or 4.3%. Today's performance indicates a trend reversal, as the stock has gained after four consecutive days of decline. It outperformed its sector by 3.66% today, reaching an intraday high of Rs 40.53. However, despite this short-term gain, the stock has shown a negative return of -16.43% over the past year and has underperformed against the benchmark BSE500 consistently over the last three years. The company's return on capital employed (ROCE) stands at 3.8, indicating a very attractive valuation, but foreign institutional investors (FIIs) have reduced their holdings to 0%, which may negatively impact investor sentiment.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of -1.03% over the past week. While Pioneer Embroideries has outperformed the sector today, its year-to-date return of -27.88% starkly contrasts with the Sensex's positive return of +4.09%. This underperformance highlights the challenges the company faces, including weak long-term fundamental strength and a -1.43% CAGR growth in operating profits over the last five years. Despite a recent uptick in trading volume and a valuation discount compared to peers, the overall trend suggests that the stock remains under pressure in a broader market that is not favoring it.