Why is Wendt India falling/rising?

As of 04-Jul, Wendt India Ltd's stock price is currently at Rs 9,500.00, reflecting an increase of Rs 230.00 or 2.48%. The stock has shown a strong performance today, outperforming its sector by 2.93% and reaching an intraday high of Rs 9,575, which is a 3.29% increase. Over the past week, the stock has gained 11.63%, while its one-month return stands at 14.26%. However, it has faced challenges with a year-to-date decline of 42.36% and a one-year drop of 38.99%. Despite a high return on equity (ROE) of 16.47% and a low debt-to-equity ratio, the stock's valuation appears expensive with a price-to-book value of 7.8. The recent flat results and declining debtor turnover ratio indicate underlying weaknesses that may be affecting investor sentiment.
In the broader market context, Wendt India has significantly outperformed the Sensex over the past week and month, while the benchmark has shown a decline of 0.74% in the last week and a modest gain of 3.01% in the last month. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the past three years, one year, and three months. The falling investor participation, indicated by a 58.36% drop in delivery volume compared to the five-day average, suggests a lack of confidence among investors despite today's price increase. Overall, while the stock is experiencing a short-term rise, its long-term outlook is clouded by poor performance metrics and declining investor interest.