Why is Wires & Fabriks falling/rising?

As of 30-Jun, Wires & Fabriks (S.A) Ltd is experiencing a rise in its stock price, currently at 189.95, reflecting an increase of 4.9 or 2.65%. The stock has shown a positive trend over the last two days, gaining 2.68% in this period. However, it opened the day with a loss of 2.7% and reached an intraday high of Rs 193.95, indicating volatility. Despite the recent gains, the stock has underperformed in the longer term, with a decline of 13.66% over the past month and year-to-date. The company has an attractive valuation with a return on capital employed (ROCE) of 4.7, and it is trading at a discount compared to its peers, which may contribute to investor interest. However, the stock's long-term fundamentals are weak, with a high debt-to-EBITDA ratio and low sales growth, which could deter some investors.
In the broader market context, Wires & Fabriks has underperformed relative to the Sensex, which has gained 2.09% over the past week and 2.65% over the past month, while the stock has declined by 2.59% and 13.66%, respectively. Despite this, the stock has outperformed its sector today by 0.26%, suggesting some positive sentiment in the short term. The overall market has been buoyant, as indicated by the trading gains in the sector, which may have provided a supportive backdrop for the stock's recent rise. However, the significant drop in delivery volume and the company's weak long-term growth prospects could weigh on future performance.