Why is Triven.Engg.Ind. falling/rising?

As of 24-Sep, Triveni Engineering and Industries Ltd is experiencing a price increase, currently at Rs 349.80, reflecting a rise of 6.05 or 1.76%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and today it outperformed its sector by 3.37%. However, it is trading below its moving averages across various time frames, indicating a potential weakness in momentum. Over the past year, the stock has generated a return of -26.67%, with profits falling significantly by -39.7%, which raises concerns about its long-term growth prospects. Despite an attractive valuation with a return on capital employed (ROCE) of 7 and trading at a discount compared to peers, the stock's performance has been below par, contributing to its recent price movements.
In the broader market context, Triveni Engineering's short-term performance has been relatively weak compared to the benchmark, with a 1-week return of -2.77% against the Sensex's -1.18%. While the stock has shown some recovery today, its year-to-date performance remains concerning at -22.80%, contrasting with the Sensex's positive return of 4.58%. The decline in investor participation, as evidenced by a significant drop in delivery volume, further complicates the outlook for the stock. Overall, while there are some positive factors, the negative trends in sales and profit margins, alongside poor long-term growth, suggest that the stock's recent rise may not be sustainable without significant improvements in its financial performance.