Why is Vindhya Telelink falling/rising?

As of 03-Sep, Vindhya Telelinks Ltd's stock price is currently at 1,514.65, reflecting a slight increase of 1.45 (0.1%). The stock has been gaining for the last four days, with a total return of 3.05% during this period, outperforming its sector by 0.35%. However, despite this recent uptick, the stock has experienced a significant decline of 39.25% over the past year, and its profits have decreased by 8.4%. The stock is trading at a discount compared to its peers' average historical valuations, which may contribute to its recent performance. Additionally, the return on capital employed (ROCE) is relatively low at 4.6, indicating a less attractive long-term growth potential, further complicating its price movement.
In the broader market context, Vindhya Telelinks has outperformed the Sensex in the short term, with a 1-week return of 2.18% compared to the benchmark's decline of 0.27%. However, the stock has underperformed the BSE500 over the last three years, one year, and three months, indicating a concerning trend. The falling investor participation, as evidenced by a 47.29% drop in delivery volume, suggests a lack of confidence among investors, which could hinder future price appreciation. Overall, while there are some positive short-term movements, the long-term outlook remains challenging due to poor growth metrics and declining profitability.