Why is Pix Transmission falling/rising?

As of 23-Sep, Pix Transmission Ltd's stock price is currently at 1,442.55, reflecting an increase of 4.8 points or 0.33%. The stock has been gaining for the last two days, with a total return of 1.55% during this period. However, it underperformed its sector by 0.59% today. In terms of longer-term performance, the stock has shown a modest increase of 0.59% over the past week and 4.28% over the past month, but it has significantly underperformed year-to-date with a decline of 42.13%. The company has a low Debt to Equity ratio of 0.09, which is generally favorable, but it also faces challenges such as poor long-term growth, with net sales growing at an annual rate of only 13.90% over the last five years. Despite a rise in profits by 19.8% over the past year, the stock's return of -9.43% indicates underlying weaknesses, leading to an expensive valuation with a Price to Book Value of 3.3.
In the broader market context, the Sensex has decreased by 0.34% over the past week, while Pix Transmission's stock has increased by 0.59%, indicating a relative strength compared to the benchmark. However, the stock's year-to-date performance is significantly worse than the Sensex, which has gained 5.07%. The rising investor participation, as evidenced by a 17.11% increase in delivery volume, suggests some positive sentiment, but the lack of domestic mutual fund investment may indicate a lack of confidence in the stock's valuation or business prospects. Overall, while there are some short-term gains, the long-term outlook remains concerning, contributing to a mixed sentiment around the stock.