Why is DE Nora India falling/rising?

As of 25-Jul, DE Nora India Ltd's stock price is currently at Rs 932.75, reflecting an increase of Rs 1.5 or 0.16%. The stock has shown a trend reversal by gaining after two consecutive days of decline and has outperformed its sector by 3.53%. Despite this positive movement today, the stock has experienced a significant decline of 48.81% over the past year, while its profits have plummeted by 91.1%. The company reported impressive growth in its quarterly figures, with profit before tax growing by 2398.3% and profit after tax by 233.2% compared to the previous four-quarter average. However, the stock is considered risky due to its negative EBITDA and poor long-term growth, as evidenced by an annual operating profit decline of 183.02% over the last five years.
In the broader market context, DE Nora India Ltd's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.36% over the past week. While the stock has gained 7.05% over the past month, the benchmark has fallen by 1.56%, indicating a relatively stronger short-term performance for DE Nora India. However, the stock's year-to-date performance remains concerning, with a decline of 19.97% compared to the Sensex's increase of 4.25%. This disparity highlights the challenges the company faces in regaining investor confidence despite some positive short-term indicators.