Why is Indo Euro Indch. falling/rising?

As of 12-Sep, Indo Euro Indchem Ltd's stock price is currently at 12.48, reflecting an increase of 0.49 or 4.09%. The stock has been gaining momentum, with a consecutive gain over the last three days resulting in a total return of 6.03%. However, despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 22.92% and a one-year return of -13.33%. The company's financial health is concerning, as indicated by a weak Return on Equity (ROE) of 3.70% and a negative EBITDA, alongside a significant drop in net sales over the last six months. Additionally, the delivery volume has decreased sharply, falling by 80.81% against the five-day average, which suggests declining investor participation.
In the broader market context, the stock's short-term performance has outpaced the sector by 4.8%, but it still lags behind the benchmark Sensex, which has gained 1.48% over the past week. The stock's long-term performance remains troubling, as it has consistently underperformed against the benchmark over the last three years, with a notable decline in profits by 74.3% over the past year. This combination of short-term gains amidst long-term weaknesses and declining investor interest indicates a complex situation for Indo Euro Indchem Ltd, where recent price increases may not be sustainable given the underlying financial challenges.