Why is Global Surfaces falling/rising?

As of 11-Aug, Global Surfaces Ltd is experiencing a price increase, currently at Rs 121.90, reflecting a rise of Rs 3.9 or 3.31%. The stock has shown a strong performance today, outperforming its sector by 2.5% and achieving a consecutive gain over the last two days with an overall return of 8.79% during this period. It opened with a gain of 2.46% and reached an intraday high of Rs 126.55, indicating positive momentum. However, despite these short-term gains, the company has reported negative results for the last four consecutive quarters, with significant operating losses and a decline in profitability, as evidenced by a Return on Equity of only 4.98%. This weak long-term fundamental strength, coupled with a 35.14% decline in stock value over the past year, raises concerns among investors.
In the broader market context, while the stock has shown a positive return of 6.46% over the past week and 8.55% over the past month, the benchmark Sensex has declined by 0.51% and 2.30% respectively during the same periods. This indicates that Global Surfaces Ltd is performing better than the overall market in the short term. However, the stock's long-term performance remains concerning, as it has underperformed the market significantly over the past year, with a return of -35.14% compared to the Sensex's modest gain of 1.13%. Additionally, the decrease in institutional investor participation, which has fallen by 1.1%, suggests a lack of confidence in the company's future prospects, further complicating its market position.