Why is Sterling Tools falling/rising?

As of 18-Jul, Sterling Tools Ltd. is experiencing a price increase, with its current price at Rs 374.15, reflecting a rise of 21.4 points or 6.07%. The stock has outperformed its sector by 7.3% today, reaching an intraday high of Rs 381.25, which is an increase of 8.08%. Over the past week, the stock has risen by 5.45%, while its performance over the last month shows a gain of 4.23%. However, despite these short-term gains, the stock has a year-to-date decline of 35.49%. The company has a low Debt to EBITDA ratio of 0.66, indicating a strong ability to service debt, and it is trading at a discount compared to its peers' historical valuations. Nonetheless, the stock's profitability has been under pressure, with a significant drop in PAT for the latest quarter and a low operating profit to net sales ratio.
In the broader market context, while Sterling Tools has shown positive short-term returns, the benchmark Sensex has declined by 0.90% over the past week and increased only by 0.38% over the past month. This indicates that the stock's recent rise is notable against a backdrop of broader market weakness. Additionally, the falling participation from institutional investors, who have reduced their stake in the company, raises concerns about long-term growth potential. The stock's performance over the past year has also been lackluster, with a return of -3.33%, despite a 5.9% increase in profits, suggesting that while the stock may be gaining traction in the short term, underlying challenges remain.