Why is Singer India falling/rising?

As of 09-Jul, Singer India Ltd's stock price is currently at 68.02, reflecting an increase of 0.53 (0.79%). The stock has shown a trend reversal by gaining after three consecutive days of decline, outperforming its sector by 0.5%. Despite this positive movement, the stock has underperformed in the short term, with a 1-week return of -3.11% compared to the Sensex's slight gain of +0.15%. The stock is trading above its 100-day moving average but below its shorter-term moving averages, indicating mixed momentum. Additionally, the company reported a significant growth in net profit of 168.21% and a record net sales figure, which may positively influence investor sentiment despite the stock's overall negative performance over the past year, where it has declined by 24.00%.
In the broader market context, while the Sensex has gained 1.32% over the past month and 6.91% year-to-date, Singer India has experienced a decline of 10.79% and 16.01%, respectively. This stark contrast highlights the stock's struggle to keep pace with the market. The company's weak long-term fundamental strength, indicated by a -21.34% CAGR growth in operating profits over the last five years and a low return on equity, suggests challenges ahead. Although the stock is trading at a discount compared to its peers, the significant underperformance relative to the broader market raises concerns for potential investors.