Why is Goa Carbon falling/rising?

As of 15-Jul, Goa Carbon Ltd's stock price is currently at Rs 495.50, reflecting an increase of Rs 7.0 or 1.43%. The stock has shown a positive trend recently, gaining 3.44% over the past week and has experienced consecutive gains for the last two days. However, it has underperformed its sector by 0.43% today. Despite touching an intraday high of Rs 502.55, the stock's long-term performance remains concerning, with a year-to-date decline of 27.72% and a one-year drop of 34.34%. The company has a low Debt to EBITDA ratio of 0.80, indicating a strong ability to service debt, but it has declared negative results for the last five consecutive quarters, with significant declines in net sales and profits.
In the broader market context, while Goa Carbon's recent short-term performance has been positive, it still lags behind the benchmark Sensex, which has gained 5.67% year-to-date. The stock's performance over the past year and three years has been below par compared to the BSE500, highlighting its struggles in both long-term and near-term growth. The company's operating profit has decreased at an annual rate of -6.15% over the last five years, and its profits have fallen by 125.8% in the past year, contributing to a perception of risk among investors. Despite rising investor participation and a liquid trading environment, the overall negative financial indicators suggest that the stock's recent gains may not be sustainable.