Why is Greenlam Industr falling/rising?

As of 30-Oct, Greenlam Industries Ltd is experiencing a price increase, currently at 267.00, which reflects a rise of 4.3 or 1.64%. The stock has shown strong performance recently, outperforming its sector by 1.12% today and achieving a consecutive gain over the last three days with a total return of 6.29%. Additionally, the stock has performed well over the past week with a return of +2.83%, although it has underperformed on a year-to-date basis with a decline of -7.56%. Despite a significant drop in profits over the past year by -72.9%, the stock is trading at a discount compared to its peers, which may contribute to its current upward movement.
In the broader market context, Greenlam Industries' recent performance contrasts with the Sensex, which has seen a slight decline of -0.18% over the past week. While the stock has shown positive short-term returns, it is important to note that institutional investor participation has decreased, indicating a lack of confidence among larger investors. This decline in institutional stakes, coupled with the company's negative results over the last seven quarters, suggests potential long-term challenges despite the recent price increase. Overall, the stock's current rise may be influenced by short-term trading dynamics rather than a fundamental improvement in its financial health.