Why is Swelect Energy falling/rising?

As of 15-Jul, Swelect Energy Systems Ltd is experiencing a slight increase in its stock price, currently at Rs 589.05, reflecting a change of 1.35 (0.23%) upward. Today's price summary indicates that the stock has outperformed its sector by 0.39% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 601.25. Despite a year-to-date decline of 41.67% and a one-year drop of 49.65%, the stock has demonstrated strong performance over the last three and five years, with returns of 92.91% and 406.27%, respectively. Positive factors contributing to the recent movement include a significant growth in profit before tax and net sales, along with an attractive valuation compared to peers. However, the stock's long-term growth prospects are hindered by a decline in operating profit and a lack of investment from domestic mutual funds, which may indicate a lack of confidence in the company's future.
Broader Market Context: In the short term, Swelect Energy's performance has been relatively better than the benchmark, as it has outperformed the Sensex, which has declined by 1.36% over the past week while Swelect's stock fell by only 0.98%. This suggests that while the stock has faced challenges, it is currently showing signs of resilience compared to the broader market. However, the significant underperformance over the past year, where the stock has generated negative returns of -49.65% against a market return of 0.37%, highlights ongoing concerns about its long-term viability and investor sentiment.