Why is Aarti Surfactant falling/rising?

As of 04-Sep, Aarti Surfactants Ltd is currently priced at 485.00, reflecting an increase of 4.0 (0.83%). The stock has shown a positive trend recently, gaining 7.77% over the past week, outperforming the Sensex, which only increased by 0.80%. Today's trading saw the stock reach an intraday high of Rs 496.9, although it also experienced a low of Rs 470.2. Despite this recent uptick, the stock has underperformed over longer periods, with a year-to-date decline of 24.01% and a significant drop of 26.04% over the past year. Positive factors contributing to the recent rise include a higher profit after tax of Rs 12.66 crore and a notable growth in net sales, which increased by 31.0% compared to the previous four-quarter average. However, the company faces challenges such as a weak long-term fundamental strength and a high debt-to-EBITDA ratio, which may hinder its performance moving forward.
In the broader market context, while Aarti Surfactants has shown a strong short-term return, it has consistently underperformed against the benchmark over the past three years, indicating a lack of investor confidence in its long-term prospects. The stock's recent gains come amidst a backdrop of declining investor participation, as evidenced by a 51.26% drop in delivery volume compared to the five-day average. This suggests that while there may be short-term optimism, the overall sentiment remains cautious due to the company's historical underperformance and weak fundamentals.