Why is Greenlam Industr falling/rising?

As of 17-Jul, Greenlam Industries Ltd is experiencing a price increase, currently at 259.00, reflecting a change of 1.65 (0.64%) upward. The stock has shown strong performance recently, gaining 7.2% over the last four days and outperforming its sector by 0.87% today. It opened with a gain of 2.55% and reached an intraday high of Rs 263.9. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of +5.41% and +9.61%, respectively. However, it is important to note that the stock has a negative year-to-date return of -10.33% and a one-year return of -8.64%, indicating underlying challenges. The stock is trading at a discount compared to its peers, but its profits have significantly declined by -49.7% over the past year, which may weigh on investor sentiment.
In the broader market context, while Greenlam Industries has shown positive short-term returns, the Sensex has experienced a decline of -1.12% over the past week and a modest gain of +0.83% over the past month. This suggests that the stock's recent rise is somewhat isolated from the overall market trend. Despite the positive short-term performance, the company faces challenges such as poor long-term growth, negative results over the last six quarters, and a low return on capital employed (ROCE) of 7.2. These factors contribute to a complex outlook for the stock, as it navigates both positive short-term momentum and significant long-term concerns.