Why is Tata Elxsi falling/rising?

As of 09-Oct, Tata Elxsi Ltd. is experiencing a price increase, currently at Rs 5,569.70, which reflects a rise of 109.95 or 2.01%. The stock has shown positive momentum, gaining for the last two days with a total return of 3.37% during this period. It has outperformed its sector by 0.91% today, although it remains below its 50-day, 100-day, and 200-day moving averages. Despite a strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 31.37% and low debt levels, the company has faced challenges, including a significant decline in profits and sales in its latest quarterly results, which may temper investor enthusiasm.
In the broader market context, Tata Elxsi's short-term performance over the past week has been notably strong, with a return of 6.56%, significantly outperforming the Sensex, which only gained 1.47% during the same period. However, the stock has struggled over the longer term, with a year-to-date decline of 18.27% compared to the Sensex's increase of 5.16%. This consistent underperformance against the benchmark over the last three years, coupled with recent negative financial results, suggests that while there may be short-term gains, the stock's long-term outlook remains uncertain, impacting investor sentiment.