Why is Sandhar Tech falling/rising?

As of 17-Sep, Sandhar Technologies Limited's stock price is currently at 468.95, reflecting an increase of 6.75 or 1.46%. The stock has shown positive momentum, gaining for the last two days with a total return of 1.85% during this period. It outperformed its sector by 1.5% today and reached an intraday high of Rs 472.35. However, despite these gains, the stock has underperformed over the past year with a return of -21.84%. Positive factors contributing to the stock's recent rise include a healthy long-term growth rate in operating profit of 42.83% and an attractive valuation with a PEG ratio of 1.1. Nevertheless, the company faces challenges such as a high debt-equity ratio and negative results reported on June 25, which may be weighing on investor sentiment.
Broader market context indicates that while Sandhar Technologies has experienced a short-term gain of 0.95% over the past week, it has still lagged behind the Sensex, which rose by 1.56% in the same timeframe. Year-to-date, Sandhar's stock has declined by 8.16%, contrasting with the Sensex's increase of 5.83%. This underperformance in the longer term, coupled with a significant drop in investor participation as evidenced by a decrease in delivery volume, suggests that while there may be short-term gains, the stock's overall trajectory remains concerning compared to broader market trends.