Why is DE Nora India falling/rising?

As of 30-Jul, DE Nora India Ltd's stock price is currently at 958.00, reflecting an increase of 37.7 points or 4.1%. The stock has shown a positive performance today, outperforming its sector by 3.03% and has been on a consecutive gain for the last two days, accumulating a total return of 8.25% during this period. The stock reached an intraday high of Rs 995, indicating strong buying interest. Additionally, the company has reported significant growth in its quarterly financials, with profit before tax growing by 2398.3% and profit after tax increasing by 233.2% compared to the previous four-quarter average. However, it is important to note that the stock has experienced a substantial decline of 44.34% over the past year, indicating underlying challenges despite recent positive movements.
In the broader market context, DE Nora India Ltd's short-term return of +7.96% over the past month contrasts sharply with the benchmark Sensex, which has declined by 2.54% during the same period. This suggests that the stock is gaining traction relative to the market, likely due to its recent financial performance and rising investor participation, as evidenced by a significant increase in delivery volume. However, the stock's long-term outlook remains concerning, with a poor annual growth rate in operating profit and a negative EBITDA, which raises risks for investors. Overall, while the stock is currently rising, its long-term performance has been significantly weaker compared to the broader market.