Why is Laffans Petroch falling/rising?

As of 05-Sep, Laffans Petrochemicals Ltd is experiencing a price increase, currently at Rs 36.70, reflecting a rise of 1.3 or 3.67%. The stock opened with a significant gain of 5.88% today and reached an intraday high of Rs 37.48. Despite this positive movement, the stock has shown inconsistent performance over time, with a year-to-date decline of 33.27% and a one-year return of -11.48%. The company is facing challenges, including operating losses and a weak ability to service its debt, which has contributed to a negative EBITDA and a poor return on capital employed (ROCE). Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation.
In the broader market context, Laffans Petrochemicals has outperformed the Sensex by 4.31% today, which is notable given the benchmark's modest gain of 1.13% over the past week. However, the stock has consistently underperformed against the benchmark over the last three years, highlighting its long-term struggles. While the stock's recent price movement may suggest a short-term recovery, the underlying fundamentals remain weak, with significant losses reported and a negative EBIT to interest ratio, indicating that the stock's rise may not be sustainable in the long term.