Why is Universal Cables falling/rising?

As of 01-Jul, Universal Cables Ltd. is experiencing a price increase, with its current price at Rs 784.30, reflecting a rise of 14.65 or 1.9%. The stock has shown strong performance recently, gaining 5.23% over the last two days and outperforming its sector by 1.71% today. Additionally, it has delivered impressive returns of 31.15% over the past month and 12.78% over the past week, while consistently trading above its moving averages. However, despite these positive short-term movements, the stock has faced challenges with a decline in delivery volume and a significant drop in profits over the past year, which fell by 17.4%. The stock is also trading at a discount compared to its peers, which may attract investors looking for value.
In the broader market context, Universal Cables has outperformed the Sensex in the short term, with a 1-week return of 12.78% compared to the Sensex's 2.00%. Despite this positive short-term performance, the stock's year-to-date return is down 3.68%, contrasting with the Sensex's gain of 7.11%. This divergence indicates that while the stock is currently gaining traction, it has struggled to maintain momentum over a longer period. The company's weak long-term fundamentals, such as a low Return on Capital Employed (ROCE) and poor debt servicing ability, may contribute to investor caution despite the recent gains.