Why is R O Jewels falling/rising?

As of 22-Sep, R O Jewels Ltd's stock price is currently at 2.29, reflecting an increase of 0.04 or 1.78%. The stock has shown a positive performance today, outperforming its sector by 2.18%. Additionally, it has higher moving averages over the 5-day, 20-day, and 50-day periods, although it remains lower than the 100-day and 200-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 20.98% against the 5-day average. Despite a significant year-to-date decline of 27.30% and a one-year drop of 34.01%, the company has reported positive results in its latest financials, including a 38% increase in profits, which may contribute to the recent uptick in stock price.
In the broader market context, the stock's short-term return of 5.05% over the past week significantly outpaces the Sensex's return of 0.46%. However, the stock has consistently underperformed against the benchmark over the last three years, with a substantial decline of 47.95% compared to the Sensex's gain of 38.97%. While the company has attractive valuation metrics, such as a low PEG ratio and a trading discount compared to peers, it faces challenges with weak long-term fundamentals, including a negative CAGR growth in operating profits and a poor EBIT to interest ratio. This mixed performance indicates that while there are some positive signals, the overall outlook remains cautious due to underlying financial weaknesses.