Why is Goodyear India falling/rising?

As of 15-Jul, Goodyear India Ltd's stock price is currently at 1,051.65, reflecting an increase of 15.25, or 1.47%. The stock has shown strong performance recently, outperforming its sector by 0.47% today and achieving a consecutive gain over the last three days with a total return of 5.48%. Additionally, Goodyear India has outperformed the benchmark Sensex over the past week and month, with returns of +6.69% and +11.61%, respectively. However, the company faces challenges, including a poor long-term growth outlook with a -6.31% annual decline in operating profit over the last five years and negative results for the last six consecutive quarters. Despite a high return on equity (ROE) of 15.27% and a low debt-to-equity ratio, the stock is trading at a premium compared to its peers, which may deter some investors.
Broader market context indicates that while Goodyear India has shown positive short-term returns, it has consistently underperformed against broader benchmarks over the longer term, with a -12.40% return in the past year compared to a +2.36% return for the Sensex. This underperformance over three years, coupled with declining profits and a high price-to-book ratio, suggests that while the stock is experiencing a short-term rise, the overall sentiment may still be cautious due to its historical performance and financial challenges.