Why is Vindhya Telelink falling/rising?

As of 24-Sep, Vindhya Telelinks Ltd is experiencing a slight increase in its stock price, currently at 1,495.00, reflecting a change of 5.1 (0.34%) upward. Today's price summary indicates that the stock has outperformed its sector by 2.04% and has gained after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The stock has generated a return of -38.47% over the past year, with profits declining by 8.4%, indicating underlying weaknesses. Despite a very attractive valuation with a ROCE of 4.6 and trading at a discount compared to peers, the poor long-term growth and flat results in recent quarters contribute to a cautious outlook.
In the broader market context, Vindhya Telelinks' short-term performance has been relatively better than the benchmark, as it has outperformed the Sensex by 1.18% over the past week, while the Sensex itself has declined by 1.18%. However, the stock's year-to-date performance shows a significant underperformance of -20.81% compared to the Sensex's gain of 4.58%. This disparity highlights the challenges faced by Vindhya Telelinks in maintaining investor interest, particularly with falling delivery volumes and a majority of non-institutional shareholders. Overall, while there is a minor uptick in price, the stock's long-term outlook remains concerning, compounded by weak operating profit growth and declining investor participation.