Why is Pitti Engg. falling/rising?

As of 25-Sep, Pitti Engineering Ltd's stock price is currently at 1,001.20, reflecting an increase of 8.05 (0.81%). The stock has shown a positive trend today, gaining after two consecutive days of decline, and it outperformed its sector by 1.51%. The stock reached an intraday high of Rs 1022.3, indicating a strong performance within the day. Over the past week, Pitti Engineering has risen by 4.73%, while its performance over the past month shows a gain of 6.62%. However, despite these short-term gains, the stock has underperformed significantly over the year, with a return of -22.15%. Factors contributing to this recent rise include healthy long-term growth in net sales at an annual rate of 29.36% and attractive valuations compared to peers, although the stock's profitability has not translated into positive returns over the past year.
In the broader market context, Pitti Engineering's recent performance contrasts sharply with the Sensex, which has declined by 2.23% over the past week and 0.58% over the past month. While the stock has shown resilience in the short term, its long-term performance remains concerning, as it has underperformed the market significantly over the last year. The company's return on capital employed (ROCE) is relatively low at 13.2, and despite a rise in profits, the stock's overall return has been negative. This combination of factors suggests that while there may be short-term optimism reflected in today's price movement, the stock's long-term outlook remains uncertain, particularly given its substantial underperformance relative to the broader market.