Why is Uniparts India falling/rising?

As of 08-Jul, Uniparts India Ltd is experiencing a price increase, currently at Rs 418.00, reflecting a rise of Rs 8.2 or 2.0%. The stock has shown strong performance today, outperforming its sector by 2.61% and opening with a gain of 2.11%. It reached an intraday high of Rs 418.45, and the trading volume has significantly increased, with a delivery volume rise of 416.97% compared to the 5-day average. Despite a challenging year with a return of -18.20%, the stock has performed positively over the past week and month, with returns of +3.95% and +11.07%, respectively. The company also boasts a high dividend yield of 3.47%, which may attract investors despite its recent negative profit trends.
In the broader market context, Uniparts India has underperformed compared to the benchmark Sensex over the past year, which has returned +4.69%. However, its recent short-term performance has been favorable, particularly in the last month, where it has significantly outpaced the benchmark's +1.85% return. The company faces challenges, including a declining sales growth rate and negative results over the last nine quarters, which may deter long-term investors. Additionally, a decrease in institutional investor participation could signal caution among more experienced investors. Overall, while the stock is currently rising, its long-term outlook remains uncertain due to these underlying issues.