Why is Singer India falling/rising?

As of 18-Jul, Singer India Ltd's stock price is currently at 66.01, reflecting an increase of 0.31 or 0.47%. Today's price movement indicates a trend reversal as the stock has gained after two consecutive days of decline. The stock's performance today is in line with the sector, and it has seen a significant rise in delivery volume, up by 71.9% against the 5-day average. However, despite this recent uptick, the stock has underperformed over the past week and month, with returns of -1.46% and -9.91%, respectively. The company reported very positive results in March, with a net profit growth of 168.21%, but it has also faced challenges, including a weak long-term fundamental strength indicated by a -21.34% CAGR growth in operating profits over the last five years.
Broader market context shows that while the Sensex has increased by 0.38% over the past month, Singer India has significantly lagged behind with a -9.91% return. This underperformance is further highlighted by the stock's -23.60% return over the past year compared to the Sensex's modest gain of 0.51%. Despite the company's recent positive financial results, the long-term outlook remains concerning due to low profitability and underperformance relative to broader market indices. The stock is trading at a discount compared to its peers, which may attract some investors, but the overall sentiment remains cautious due to its historical performance.