Why is Pitti Engg. falling/rising?

As of 28-Aug, Pitti Engineering Ltd's stock price is rising, currently at 945.85, reflecting an increase of 21.85 or 2.36%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 3.48% and reached an intraday high of Rs 950, although it also touched a low of Rs 905.05. Despite a recent decline in investor participation, with delivery volume falling by 35.52% against the five-day average, the stock has shown healthy long-term growth, with net sales increasing at an annual rate of 29.36%. However, it has underperformed the market over the past year, with a return of -31.82%, despite profits rising by 22%.
In the broader market context, Pitti Engineering's short-term performance contrasts with the benchmark, as it has gained 2.80% over the past month while the Sensex has declined by 1.00%. The stock's year-to-date performance shows a significant drop of -28.23%, while the Sensex has increased by 2.48%. This disparity highlights the challenges faced by Pitti Engineering, including flat quarterly results and a lower return on capital employed. Despite these issues, the stock is trading at a discount compared to its peers, which may attract investors looking for value, contributing to its recent price increase.