Why is Z F Steering falling/rising?

As of 15-Jul, Z F Steering Gear (India) Ltd's stock price is rising, currently at 1,281.60, reflecting an increase of 127.65 or 11.06%. Today, the stock has shown a strong performance, outperforming its sector by 9.26% and reversing a trend after four consecutive days of decline. It reached an intraday high of Rs 1319.85, indicating significant volatility with a wide trading range of Rs 149.85. Over the past week, the stock has gained 8.61%, while its one-month return stands at 4.71%. Despite a year-to-date decline of 12.82%, the stock has generated an 18.12% return over the past year, although profits have fallen by 65.9%. The company maintains a low Debt to EBITDA ratio of 1.15 times, suggesting a strong ability to service debt, and is trading at a discount compared to its peers, which may attract investors.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 1.36% over the past week. While Z F Steering has shown resilience in the short term, the overall market sentiment may be influenced by the company's poor long-term growth prospects, as indicated by a low operating profit growth rate and negative results in the last three quarters. Additionally, the lack of domestic mutual fund investment could signal caution among institutional investors regarding the stock's valuation. Despite these concerns, the stock's consistent returns over the last three years and its fair valuation may provide some support for its recent price increase.