Why is Responsive Ind falling/rising?

As of 28-Oct, Responsive Industries Ltd's stock price is currently at Rs 188.20, reflecting an increase of Rs 2.8 or 1.51%. The stock has shown positive momentum recently, gaining 4.09% over the last two days and outperforming its sector by 2.82% today. It reached an intraday high of Rs 193.7, which is a 4.48% increase. However, despite this short-term gain, the stock has experienced a decline of 2.54% over the past month and a significant drop of 24.33% year-to-date. The company has a low Debt to EBITDA ratio of 1.18, indicating a strong ability to service its debt, and it has seen a healthy annual growth rate of 69.93% in operating profit. Nonetheless, the stock's valuation appears expensive with a ROCE of 14.3 and a PEG ratio of 2.2, which may deter some investors.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has increased by 0.24% over the past week and 5.22% over the last month. While Responsive Industries has outperformed the sector in the short term, its long-term performance remains concerning, with a decline of 28.91% over the past year compared to the Sensex's 5.78% gain. The stock's underperformance over longer periods, coupled with flat results in June and a high institutional holding of 33.91%, suggests that while there is some investor interest, the overall sentiment may still be cautious due to its historical performance and valuation concerns.