Why is Pyramid Technopl falling/rising?

As of 04-Aug, Pyramid Technoplast Ltd's stock is currently priced at 167.25, reflecting an increase of 1.75, or 1.06%. Today, the stock opened with a gain of 3.9%, reaching an intraday high of Rs 171.95. However, despite this positive movement, the stock has shown a decline of 6.62% over the past month and a significant drop of 19.20% year-to-date. The company has a low Debt to Equity ratio of 0.07, and its return on equity stands at 11.3, indicating an attractive valuation with a Price to Book Value of 2.6. Nevertheless, the stock has underperformed its peers, with a return of -11.60% over the past year and a consistent decline in operating profit over the last five years, which may contribute to investor hesitance.
In the broader market context, Pyramid Technoplast's short-term performance has outpaced the Sensex, which only increased by 0.16% over the past week. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's future prospects, further impacting its market perception. Despite today's positive price movement, the overall trend indicates that investors may be cautious due to the company's historical underperformance and declining profits.