Why is Uni Abex Alloy falling/rising?

As of 28-Aug, Uni Abex Alloy Products Ltd is experiencing a price increase, currently at Rs 3,190.00, reflecting a rise of Rs 79.55 or 2.56%. Despite opening the day with a loss of 4.93% and reaching an intraday low of Rs 2,957, the stock managed to touch a high of Rs 3,190. The stock has outperformed its sector by 2.29% today. Over the past week, it has shown a return of 2.08%, contrasting with a decline of 2.34% in the Sensex. However, the stock's performance over the last month has been negative, with a drop of 7.61%, and it has generated a return of -12.37% over the past year. The company's low debt-to-equity ratio is a positive aspect, but its recent financial performance shows a significant decline in profit after tax and net sales, which are at their lowest levels.
Broader Market Context: In the short term, Uni Abex's performance has been better than the benchmark, as indicated by its 1-week return of 2.08% compared to the Sensex's decline of 2.34%. However, the broader market context reveals that the stock has underperformed over the past month and year, raising concerns about its valuation, which is considered expensive relative to peers. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence in its current price or business prospects. This combination of short-term gains amidst longer-term challenges reflects a complex situation for investors.