Why is Laxmi Organic falling/rising?

As of 23-Jul, Laxmi Organic Industries Ltd is experiencing a price increase, currently at Rs 202.95, reflecting a rise of Rs 7.85 or 4.02%. The stock has shown a positive trend today, having outperformed its sector by 3.96% and reversing a four-day consecutive decline. It opened with a gain of 2% and reached an intraday high of Rs 204.3, indicating a strong performance in the short term. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 16.46% and a one-year return of -20.26%. The company has a low debt-to-equity ratio, but its operating profit has decreased at an annual rate of -2.21% over the past five years, and it has reported negative results recently, contributing to concerns about its long-term growth potential.
In the broader market context, Laxmi Organic's short-term performance has slightly outpaced the Sensex, which rose by 0.11% over the past week compared to the stock's 0.12% increase. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years, with a significant drop in profits of -5.8% over the past year. The stock is trading at a discount compared to its peers' average historical valuations, but its low return on equity (ROE) of 6 and a high price-to-book value ratio of 2.9 suggest that it may be overvalued despite its recent price increase.