Why is Precision Camshf falling/rising?

As of 02-Jul, Precision Camshafts Ltd's stock price is currently at 217.00, reflecting an increase of 2.15 (1.0%). The stock has been gaining momentum, with a consecutive gain over the last three days, resulting in a total return of 6.84% during this period. It is performing well relative to its moving averages, being higher than the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day average. Additionally, the stock has shown a strong performance in the near term, with a 4.43% increase over the past week and a 4.50% rise over the past month. However, despite these positive short-term indicators, the company has faced challenges such as a declining operating profit over the last five years and a low return on equity, which may contribute to investor caution.
Broader market context indicates that while Precision Camshafts has outperformed the benchmark Sensex in the short term, with a 4.43% return compared to the Sensex's 0.79% over the past week, its year-to-date performance is concerning, showing a decline of 39.39% against the Sensex's increase of 6.75%. The stock's long-term growth prospects appear limited, as indicated by the flat results reported for the latest quarter and a significant drop in profit after tax. Furthermore, the absence of domestic mutual fund investment may signal a lack of confidence in the stock's valuation, which is considered expensive compared to its peers. Overall, while recent price movements are positive, underlying financial challenges and market perceptions may temper long-term investor enthusiasm.