Why is Spectrum Electr. falling/rising?

As of 12-Sep, Spectrum Electrical Industries Ltd is experiencing a price increase, currently at Rs 1,391.00, reflecting a rise of 9.85 points or 0.71%. The stock has been gaining for the last two days, with a total return of 3.03% during this period. However, it has underperformed in the longer term, with a 1-week decline of 4.03% and a 1-month drop of 7.27%. While the stock's operating profit has shown healthy long-term growth at an annual rate of 34.79%, it faces significant challenges, including a 23.4% decline in net sales and a 47.3% drop in profit before tax compared to previous quarters. The company's valuation appears expensive with a high enterprise value to capital employed ratio, and the lack of domestic mutual fund investment may indicate a lack of confidence in the stock's price.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.48% over the past week and 2.08% over the past month. This suggests that while Spectrum Electrical is experiencing a short-term rebound, it is still lagging behind the overall market performance. The rising investor participation, indicated by a significant increase in delivery volume, may be a positive sign for the stock, but the overall negative financial indicators and high valuation metrics could continue to weigh on its performance in the longer term.