Why is Porwal Auto Comp falling/rising?

As of 19-Aug, Porwal Auto Components Ltd is experiencing a price increase, currently at Rs 54.97, reflecting a change of 2.74 or 5.25% upward. The stock has shown strong performance today, outperforming its sector by 4.51% and achieving a consecutive gain over the last two days with a total return of 5.71%. It reached an intraday high of Rs 57.8, indicating significant volatility with an intraday fluctuation of 5.28%. Over the past week, the stock has risen by 2.75%, and in the last month, it has gained 14.52%, contrasting with its year-to-date performance of -3.73%. While the stock has underperformed over the past year with a decline of 18.24%, recent positive results, including a higher PAT of Rs 4.14 crore and a fair valuation compared to peers, may be contributing to the current upward movement.
In the broader market context, the stock's short-term return of 2.75% over the past week outpaces the Sensex, which has risen by 1.76% in the same period. Despite the stock's long-term challenges, including a weak ROCE of 4.18% and a significant decline in profits over the past year, the recent gains suggest a potential shift in investor sentiment, possibly driven by rising participation and liquidity. However, the stock's historical performance remains concerning, as it has underperformed the market over the last year, which may temper enthusiasm among investors looking for long-term stability.