Why is Pitti Engg. falling/rising?

As of 15-Sep, Pitti Engineering Ltd's stock price is currently at Rs 951.00, reflecting an increase of Rs 33.9 or 3.7%. The stock has shown a positive performance today, outperforming its sector by 3.02% and achieving a consecutive gain over the last two days with a total return of 6.07%. It reached an intraday high of Rs 961.4, indicating strong buying interest. Additionally, the stock's delivery volume has significantly increased by 101.23% compared to its 5-day average, suggesting rising investor participation. Despite a challenging year with a -26.00% return, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 29.36%, and its profits rising by 22% over the past year.
In the broader market context, Pitti Engineering's recent short-term return of +5.29% over the past week has significantly outperformed the Sensex, which only increased by 1.24% during the same period. However, the stock's year-to-date performance remains concerning with a decline of -27.84%, contrasting with the Sensex's gain of +4.67%. This underperformance over the longer term, coupled with flat quarterly results and a decrease in profit after tax, raises caution among investors. Despite attractive valuations and a strong return on capital employed, the stock's recent gains may not fully offset the negative sentiment stemming from its overall performance in the past year.