Why is Universal Cables falling/rising?

As of 26-Jun, Universal Cables Ltd. is experiencing a price increase, currently at 764.40, reflecting a rise of 23.6 or 3.19%. The stock has shown strong performance recently, gaining 9.91% over the last two days and outperforming its sector by 2.69%. Despite opening the day with a loss of 4.02%, it reached an intraday high of Rs 773.2. Over the past week, the stock has surged by 18.35%, and it has consistently outperformed the BSE 500 over the last three years, generating a return of 7.26% in the past year. However, it is important to note that the company's profits have declined by 17.4%, and its long-term fundamentals are considered weak, with a Return on Capital Employed (ROCE) of 5.8.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 2.94% over the past week, Universal Cables' short-term performance is significantly stronger. The stock's recent gains highlight a positive trend in investor participation, as evidenced by a 128.94% increase in delivery volume. While the stock is trading at a discount compared to its peers and has shown consistent returns over the last three years, concerns remain regarding its long-term growth potential and ability to service debt, which could impact future performance.