Why is Shah Metacorp falling/rising?

As of 08-Oct, Shah Metacorp Ltd's stock price is currently at 3.94, reflecting an increase of 0.26 or 7.07%. The stock has been gaining momentum, having outperformed its sector by 7.84% today and achieving a consecutive gain over the last two days with a total return of 7.65%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive short-term trend. However, despite this recent uptick, the stock has underperformed over the past year with a decline of 19.43%, contrasting sharply with its profit growth of 126.4%. The company's attractive valuation, indicated by a low PEG ratio of 0.3 and a favorable enterprise value to capital employed ratio, suggests that it is trading at a discount compared to its peers. Nonetheless, the weak long-term fundamentals, including a low ROCE of 0.82% and high debt levels, raise concerns about its sustainability.
In the broader market context, Shah Metacorp's short-term performance of +5.07% over the past week significantly outpaces the Sensex, which has only increased by 0.98% in the same timeframe. However, the stock's year-to-date performance remains negative at -11.46%, while the Sensex has gained 4.65% this year. This disparity highlights the stock's struggles relative to the market, despite its recent positive movement. The overall market sentiment appears to be more favorable, as indicated by the Sensex's positive returns, while Shah Metacorp's long-term challenges, including a recent decline in key financial metrics, continue to weigh on investor confidence.