Why is Vindhya Telelink falling/rising?

As of 18-Sep, Vindhya Telelinks Ltd is currently priced at 1,501.10, reflecting a slight increase of 3.1 (0.21%). The stock has been gaining for the last two days, with a return of 0.74% during this period. However, it opened the day with a loss of 3.87%, touching an intraday low of Rs 1,440. The stock's performance over the past week shows a modest increase of 1.43%, but it has underperformed the Sensex, which rose by 1.80%. Despite a very attractive valuation indicated by a ROCE of 4.6 and trading at a discount compared to peers, the stock has faced significant challenges, including a substantial decline of 35.01% over the past year and a profit drop of 8.4%.
In the broader market context, while Vindhya Telelinks has shown some short-term gains, its long-term performance remains concerning, particularly as it has underperformed the BSE500 over the last three years, one year, and three months. The stock's recent gains are not sufficient to offset its poor long-term growth, as evidenced by an operating profit growth rate of only 3.24% over the last five years. The overall market sentiment appears to be cautious, given the stock's flat results and low ROCE, which may contribute to the lack of investor confidence despite the recent uptick in trading volume.