Why is Timken India falling/rising?

As of 11-Sep, Timken India Ltd's stock price is currently at 3,040.00, reflecting an increase of 24.6 points or 0.82%. The stock has shown a positive trend recently, gaining 5.91% over the past week and outperforming its sector by 0.93% today. It has been on a consecutive gain streak for the last five days, with a significant increase in delivery volume, which rose by 635.72% compared to the five-day average. However, despite these short-term gains, the stock has underperformed over the longer term, with a year-to-date return of -2.44% and a one-year return of -18.61%. The company has a high management efficiency indicated by a return on equity (ROE) of 16.31% and a low debt-to-equity ratio, which may contribute positively to investor sentiment. Nonetheless, the stock's valuation appears expensive with a price-to-book ratio of 8, and it has shown poor long-term growth, which could be a concern for potential investors.
In the broader market context, Timken India's recent performance has outpaced the benchmark Sensex, which has only gained 1.03% over the past week. While the stock has performed well in the short term, it has consistently underperformed against the benchmark over the last three years, raising concerns about its long-term viability. The stock's negative returns over the past year, coupled with flat quarterly results and a high PEG ratio of 3.5, suggest that while there may be short-term momentum, the underlying fundamentals may not support sustained growth. This juxtaposition of short-term gains against a backdrop of long-term underperformance highlights the complexities investors face when evaluating Timken India Ltd's stock.