Why is Pix Transmission falling/rising?

As of 24-Sep, Pix Transmission Ltd's stock price is currently at 1,450.00, reflecting an increase of 7.45 (0.52%). The stock has been gaining for the last three days, with a total return of 2.07% during this period. It reached an intraday high of Rs 1,485, indicating positive momentum. However, despite this recent uptick, the stock's year-to-date performance shows a significant decline of 41.84%. The company's low Debt to Equity ratio of 0.09 suggests a manageable level of debt, yet the long-term growth outlook appears poor, with net sales growing at an annual rate of only 13.90% over the past five years. Additionally, the stock's valuation seems expensive with a Price to Book Value of 3.3, and domestic mutual funds hold no stake, which may indicate a lack of confidence in the company's prospects.
In the broader market context, Pix Transmission's short-term performance of -0.27% over the past week contrasts with the Sensex, which has declined by 1.18%. While the stock has outperformed the benchmark over the past month with a return of +4.82% compared to the Sensex's +0.50%, its long-term performance remains concerning, with a 1-year return of -9.99% versus the Sensex's -3.77%. This disparity highlights the stock's volatility and the challenges it faces in gaining investor confidence, particularly given its declining sales and low participation from domestic mutual funds.