Why is Ishan Dyes falling/rising?

As of 03-Sep, Ishan Dyes and Chemicals Ltd is currently priced at 61.99, reflecting an increase of 0.99 or 1.62%. The stock has shown a mixed performance over different time frames, with a 10.70% increase over the past month, while it has underperformed the benchmark Sensex in the last week with a decline of 1.99%. Today's trading activity indicates a positive trend, as the stock outperformed its sector by 0.9%, and there has been a notable increase in delivery volume, rising by 51.09% compared to the 5-day average. However, despite these positive indicators, the company has faced significant challenges, including an 82.3% decline in profits over the past year and a weak long-term fundamental strength, evidenced by a -13.93% CAGR growth in operating profits over the last five years.
Broader market context shows that while Ishan Dyes has outperformed the Sensex over the past month, it has struggled in the longer term, with a 3-year return of -33.34% compared to the Sensex's 37.01% increase. The stock's current valuation appears attractive, trading at a discount to its peers, but the negative financial results, including a 44.53% decline in net sales and a negative profit after tax, raise concerns about its sustainability. Overall, the stock's recent rise may be attributed to short-term trading dynamics and increased investor participation, but the underlying financial health remains a significant concern that could impact future performance.