Why is Transpek Inds. falling/rising?

As of 12-Aug, Transpek Industry Ltd's stock price is rising, currently at 1,468.55, reflecting an increase of 32.05 or 2.23%. Today, the stock has outperformed its sector by 3.05% and has shown a trend reversal after four consecutive days of decline, opening with a gain of 2.05%. The stock reached an intraday high of Rs 1498.95, marking a 4.35% increase. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, while the company reported positive results with a significant increase in cash and cash equivalents and a 27.9% growth in PAT, it faces challenges such as weak long-term fundamental strength and a low return on equity, which may impact investor sentiment.
In the broader market context, Transpek Industry Ltd has underperformed against the benchmark, with a 1-week return of -10.06% compared to the Sensex's -0.59%. Over the past year, the stock has generated a return of -15.79%, significantly lagging behind the benchmark's performance. This consistent underperformance, coupled with the fact that domestic mutual funds hold no stake in the company, suggests a lack of confidence among institutional investors. While today's positive price movement may indicate a short-term recovery, the long-term outlook remains uncertain due to the company's historical underperformance and valuation concerns.