Why is Plaza Wires falling/rising?

As of 11-Aug, Plaza Wires Ltd is currently priced at 56.39, reflecting an increase of 1.2 or 2.17%. Today's price summary indicates that the stock has outperformed its sector by 2.73% and has experienced a trend reversal, gaining after four consecutive days of decline. The stock reached an intraday high of Rs 56.76, although it also touched a low of Rs 54. Despite this positive movement today, the stock has underperformed over the past week and month, with returns of -3.18% and -6.84%, respectively. Additionally, while the company reported strong quarterly results with a significant increase in PAT and net sales, it has also faced challenges, including a -36.20% return over the past year and a -20.36% CAGR decline in operating profits over the last five years, which indicates weak long-term fundamental strength.
In the broader market context, Plaza Wires has significantly underperformed the benchmark, with a one-year return of -36.20% compared to the Sensex's modest gain of 1.13%. This stark contrast highlights the stock's struggles relative to the market, despite some recent positive performance. The company's low return on equity of 2.72% suggests limited profitability, which may contribute to investor hesitance. Overall, while there are some positive indicators in the recent quarterly results, the long-term outlook remains concerning, leading to a mixed sentiment around the stock's recent price movements.