Why is Safari Inds. falling/rising?

As of 13-Aug, Safari Industries (India) Ltd is experiencing a price increase, currently at Rs 2,043.00, which reflects a rise of 21.0 or 1.04%. Today's price movement indicates a trend reversal as the stock has gained after two consecutive days of decline. It opened with a significant gap up of 8.85% and reached an intraday high of Rs 2,201. Despite this positive movement, the stock has shown a negative return of 7.87% over the past month and a year-to-date decline of 21.05%. However, the company has reported strong fundamentals, including a healthy growth rate in net sales and operating profit, alongside a low debt-to-equity ratio, which supports its long-term strength. Additionally, high institutional holdings at 37.72% suggest confidence from knowledgeable investors, further contributing to the stock's recent positive movement.
In the broader market context, the stock's short-term performance has been relatively poor compared to the benchmark Sensex, which has only declined by 0.01% over the past week. While Safari Industries has faced a 0.92% drop in the same timeframe, the recent uptick in price may indicate a correction or recovery phase, particularly given the increased investor participation and liquidity observed today. The stock's volatility, with an intraday fluctuation of 7.97%, reflects the market's reaction to the company's recent positive earnings announcement, which could be driving renewed interest despite its overall negative performance in the longer term.