Why is Suryaamba Spinni falling/rising?

As of 01-Jul, Suryaamba Spinning Mills Ltd is experiencing a price increase, currently at Rs 159.25, reflecting a rise of 6.6 points or 4.32%. Today's price summary indicates that the stock opened lower, down by 3.34%, but later reached an intraday high of Rs 159.25, outperforming its sector by 4.96%. Despite this positive movement, the stock has shown a decline in delivery volume, which fell by 17.53% compared to the 5-day average. Over the past year, while the stock has generated a return of 4.77%, it has faced challenges with a significant drop in profits of 33.1%. The company's valuation appears attractive, trading at a discount compared to peers, but it also faces long-term concerns with a negative CAGR growth in operating profits over the last five years.
In the broader market context, Suryaamba's short-term performance over the past week shows a gain of 2.81%, which is better than the Sensex's increase of 2.00%. However, on a year-to-date basis, the stock has underperformed the benchmark, with a return of 0.82% compared to the Sensex's 7.11%. This indicates that while the stock is experiencing a positive movement today, its overall performance relative to the market remains weak, suggesting that investor sentiment may be cautious despite the recent uptick in price.