Why is Relicab Cable falling/rising?

As of 10-Jul, Relicab Cable Manufacturing Ltd's stock price is currently at Rs 81.60, reflecting an increase of Rs 1.76 or 2.2%. The stock has shown a positive movement today, having gained 3.29% over the last two days, despite opening with a significant loss of 4.81%. It reached an intraday high of Rs 83.53, indicating some volatility during the trading session. However, the stock has underperformed in the longer term, with a year-to-date decline of 11.06% and a one-year return of -26.15%. Factors contributing to this recent rise include a notable increase in investor participation, with delivery volume rising by over 200% against the five-day average, and healthy long-term growth in net sales and operating profit. Conversely, the stock faces challenges such as a high percentage of pledged promoter shares and a high PEG ratio, indicating potential overvaluation.
Broader Market Context: In the context of the broader market, Relicab's short-term performance contrasts with the benchmark, as it has outperformed the sector by 1.74% today, while the Sensex has shown a slight decline of 0.06% over the past week. Despite this short-term outperformance, the stock's longer-term performance remains concerning, having significantly underperformed the market over the past year. The broader market has generated positive returns, while Relicab's substantial negative returns highlight the challenges it faces in gaining investor confidence amidst a generally recovering market.