Why is I G Petrochems falling/rising?

As of 04-Sep, I G Petrochemicals Ltd is experiencing a price increase, currently at 445.85, reflecting a rise of 7.15 or 1.63%. The stock has shown a positive performance today, outperforming its sector by 2.52% and reversing a two-day decline. It reached an intraday high of Rs 448.35, indicating some upward momentum. However, despite this short-term gain, the stock has a negative return of -6.30% over the past month and a significant decline of -20.11% year-to-date. The company has a low Debt to Equity ratio of 0.03 times and a fair valuation with a Price to Book Value of 1, but it has also faced challenges, including a -2.09% fall in net sales and a concerning -147.8% drop in PAT for the last quarter.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only increased by 0.80% over the past week. While I G Petrochemicals has outperformed the sector in the short term, its long-term growth prospects remain poor, as indicated by a -20.97% annual decline in operating profit over the last five years and consistent underperformance against benchmarks. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence in its future performance, contributing to its overall negative outlook despite recent price movements.