Why is D P Wires falling/rising?

As of 04-Jul, D P Wires Ltd is currently priced at 240.55, reflecting an increase of 5.4 or 2.3%. Today's price movement indicates a trend reversal, as the stock has gained after four consecutive days of decline. Despite opening with a significant loss of 4.95%, it reached an intraday high of Rs 240.55. Over the past week, the stock has outperformed its sector by 2.94%, although it has underperformed the market over the past year with a return of -47.89%. The company has a low Debt to Equity ratio and a fair valuation with a Price to Book Value of 1.5, but it has faced negative results for the last six consecutive quarters, including a substantial fall in net sales of -33.95% and a profit decline of -38.8%.
In the broader market context, the stock's short-term performance over the past week shows a slight increase of 0.25%, while the benchmark Sensex has declined by 0.74%. This indicates that while D P Wires is experiencing a temporary rebound, it has significantly underperformed the market over the longer term, with a year-to-date return of -27.28% compared to the Sensex's gain of 6.77%. The company's ongoing struggles, including poor long-term growth and declining profits, suggest that the recent price increase may not be sustainable without a significant turnaround in its financial performance.