Why is Jindal Poly Inve falling/rising?

As of 30-Jul, Jindal Poly Investment & Finance Company Ltd is experiencing a price increase, currently at 800.00, reflecting a rise of 8.9 or 1.13%. The stock has shown a performance today that outperformed its sector by 1.03% and has been gaining for the last two days, with a total return of 4.58% during this period. However, it opened with a loss of 3.67% today and touched an intraday low of Rs 762.05. Over the past week, the stock has declined by 0.78%, and year-to-date, it has dropped by 8.80%. The company has weak long-term fundamentals, evidenced by a low average Return on Equity (ROE) of 11.49%, and negative financial results in recent months, including a significant decline in profit after tax and net sales. Additionally, domestic mutual funds hold no stake in the company, indicating a lack of confidence in its valuation.
In the broader market context, Jindal Poly's short-term performance has been relatively better compared to the benchmark Sensex, which has fallen by 1.50% over the past week. Despite the stock's recent gains, its year-to-date performance remains significantly lower than the Sensex's positive return of 4.28%. The stock's trading below its moving averages and declining investor participation, with a 30.39% drop in delivery volume, suggests ongoing concerns about its long-term viability. Overall, while the stock has shown some short-term recovery, the underlying fundamentals and market sentiment remain challenging.