Why is Pix Transmission falling/rising?

As of 17-Sep, Pix Transmission Ltd's stock price is currently at 1,453.90, reflecting an increase of 19.8 points or 1.38%. The stock has shown a performance today that is in line with its sector, having reached an intraday high of Rs 1468.85, which is a rise of 2.42%. Over the past week, the stock has gained 0.80%, while its one-month return stands at 7.41%. However, the stock has faced significant challenges over the year, with a decline of 11.09%, and a year-to-date drop of 41.68%. Despite a low debt-to-equity ratio of 0.09, the company has shown poor long-term growth, with net sales growing at only 13.90% annually over the last five years. The recent increase in stock price may be attributed to rising investor participation, as evidenced by a 5.44% increase in delivery volume against the five-day average.
In the broader market context, the Sensex has outperformed Pix Transmission in the short term, with a 1.56% gain over the past week and a 2.60% increase over the past month. This indicates that while Pix Transmission's stock is rising, it is lagging behind the overall market performance. The company's return on equity stands at 18.9, but its valuation appears expensive with a price-to-book ratio of 3.3. Additionally, the lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in the stock's future performance. Overall, while there are some positive movements in the stock price, the underlying fundamentals and market context indicate a cautious outlook.