Why is Stove Kraft falling/rising?

As of 04-Sep, Stove Kraft Ltd is experiencing a price increase, currently at Rs 679.55, which reflects a rise of Rs 12.55 or 1.88%. The stock has shown a strong performance in the short term, with a 1-week return of +6.38% and a 1-month return of +13.75%, significantly outperforming the Sensex, which has seen a return of +0.80% and -0.37% respectively over the same periods. However, the stock's performance over the year remains negative, with a decline of -16.21%. Today's trading activity indicates a high of Rs 700.4, but there has been a notable decrease in investor participation, with delivery volume falling by 51.83% compared to the 5-day average. Despite this, the stock is trading at a discount relative to its peers, and institutional investors have increased their stake, indicating a positive outlook on its fundamentals.
In the broader market context, Stove Kraft's recent performance contrasts sharply with the Sensex, which has shown a modest gain year-to-date of +3.30%. The stock's ability to attract institutional investors, who have raised their stake by 0.75%, suggests a growing confidence in its valuation, particularly given its attractive ROCE of 10.3 and a PEG ratio of 2.9. While the stock has faced challenges over the longer term, the recent uptick in price and institutional interest may signal a potential turnaround, especially as it trades above its shorter-term moving averages.