Why is Sintercom India falling/rising?

As of 21-Jul, Sintercom India Ltd is currently priced at 142.94, reflecting an increase of 1.72 or 1.22%. The stock has shown strong performance recently, with a 1-week return of 11.99% and a 1-month return of 6.42%, significantly outperforming the Sensex, which has seen minimal movement. Today's trading activity indicates a positive trend, as the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 4022.98% compared to the 5-day average. Despite a year-to-date decline of 13.26% and a significant drop in profits over the past year, the stock is considered to have healthy long-term growth potential due to a robust operating profit growth rate of 43.67%.
In the broader market context, Sintercom India's recent short-term performance stands in stark contrast to the Sensex, which has only increased by 0.03% over the same week. This indicates that Sintercom is gaining traction among investors, likely due to its attractive valuation compared to peers and the fact that it is trading at a discount relative to historical valuations. However, the stock's year-to-date performance remains a concern, as it has underperformed the benchmark index, which has gained 6.12% this year. The majority ownership by promoters may also contribute to investor confidence, despite the negative impact of falling profits on the stock's overall appeal.