Why is Vakrangee falling/rising?

As of 12-Aug, Vakrangee Ltd's stock price is currently at 8.72, reflecting an increase of 0.12 or 1.4%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 1.12% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Despite the recent positive performance, the stock has significantly underperformed in the longer term, with a year-to-date decline of 74.46% and a 60.42% drop over the past year. The company has reported positive results for six consecutive quarters, with net sales and operating profit reaching their highest levels, but it also faces challenges such as a poor long-term growth rate and a high Price to Book Value ratio, which may deter investors.
In the broader market context, Vakrangee's short-term performance has been better than the benchmark, as it has outperformed the Sensex by 1.12% today. However, the stock has consistently underperformed against the benchmark over the last three years, with a significant decline in returns compared to the Sensex's modest gain of 2.68% year-to-date. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation and future prospects. This combination of short-term gains amidst a backdrop of long-term underperformance and investor skepticism contributes to the stock's current price movement.