Why is Universal Cables falling/rising?

As of 15-Jul, Universal Cables Ltd. has seen its stock price rise to 780.00, reflecting an increase of 7.25 or 0.94%. The stock has recently experienced a trend reversal, gaining after four consecutive days of decline, and it reached an intraday high of Rs 790.85. However, despite this uptick, the stock underperformed its sector by 0.94% today and has shown a negative return of -2.77% over the past week. Over the last month, it has performed well with a return of +19.27%, but it has still faced challenges, including a significant drop in delivery volume by 27.55% compared to the five-day average. Additionally, while the stock is trading at a discount compared to its peers, it has generated a return of -9.30% over the past year, coinciding with a 17.4% decline in profits.
In the broader market context, the Sensex has declined by 1.36% over the past week, indicating that Universal Cables' short-term performance is relatively better than the benchmark. However, the stock's year-to-date performance shows a decline of -4.21%, contrasting with the Sensex's gain of +5.67%. This suggests that while the stock has recently rebounded, it still faces headwinds in the longer term, particularly with a negative return over the past year and falling investor participation. The majority shareholders being promoters may provide some stability, but the overall financial metrics indicate a cautious outlook for the stock amidst broader market trends.