Why is The Hi-Tech Gear falling/rising?

As of 11-Aug, The Hi-Tech Gears Ltd is experiencing a price increase, currently at 700.00, reflecting a rise of 27.0 or 4.01%. Today's price summary indicates that the stock has outperformed its sector by 3.62% and has gained after four consecutive days of decline. Despite opening with a loss of 2.67%, the stock reached an intraday high of Rs 700, although it also touched a low of Rs 653. The stock's performance over the past week shows a decline of 2.47%, but it has improved by 0.57% over the past month. While the stock has generated a negative return of -24.28% over the past year, it has an attractive valuation with a return on capital employed (ROCE) of 11.1, although its profits have fallen by 16.9%. The stock is trading at a discount compared to its peers, which may have contributed to the recent upward movement.
In the broader market context, the stock's short-term performance has been better than the benchmark, with the Sensex declining by only 0.51% over the past week. However, the stock has underperformed the market significantly over the past year, with a return of -24.28% compared to the benchmark's -1.85%. This indicates that while there may be some short-term recovery, the long-term outlook remains weak due to poor fundamental strength, including a high debt-to-EBITDA ratio and low domestic mutual fund interest. The recent rise in investor participation, indicated by a 165.88% increase in delivery volume, suggests a potential shift in sentiment, but the overall long-term growth prospects remain a concern.