Why is Pix Transmission falling/rising?

As of 28-Aug, Pix Transmission Ltd's stock price is currently at 1,369.80, reflecting an increase of 15.3 or 1.13%. Today's price summary indicates that the stock has outperformed its sector by 1.12% and has experienced a trend reversal, gaining after four consecutive days of decline. It opened with a gain of 2.91% and reached an intraday high of Rs 1393.85. However, despite this short-term positive movement, the stock has underperformed over the past week and month, with returns of -1.03% and -6.65%, respectively. The company has a low Debt to Equity ratio of 0.09, but it faces challenges with poor long-term growth, as evidenced by a net sales decline of -6.44% and low operating cash flow. The stock's valuation appears expensive with a Price to Book Value of 3.1, and domestic mutual funds hold no stake, indicating a lack of confidence in the stock's price.
In the broader market context, while Pix Transmission has shown a slight recovery today, its performance over the past week and month has been negative, contrasting with the Sensex, which has declined by 2.34% and 1.00% respectively during the same periods. The stock's year-to-date performance is particularly concerning, down 45.05%, while the Sensex has gained 2.48%. This stark difference highlights the stock's struggles relative to the broader market, despite today's uptick. The overall sentiment around the stock remains cautious, influenced by its historical performance and the lack of significant institutional investment.