Why is Nupur Recyclers falling/rising?

As of 11-Aug, Nupur Recyclers Ltd's stock price is currently at 71.53, reflecting an increase of 1.18 or 1.68%. Today's performance indicates that the stock has outperformed its sector by 2.28%. However, despite this short-term gain, the stock has shown a negative trend over the past week, down 1.93%, and has significantly underperformed the benchmark Sensex over various periods, including a year-to-date decline of 27.06%. The company has a low debt-to-equity ratio of 0.07, which is a positive factor, but it faces challenges such as poor long-term growth, with net sales declining at an annual rate of 5.55% and operating profit down 44.42% over the last five years. Additionally, recent quarterly results have shown a substantial drop in profit after tax and net sales compared to previous averages, contributing to a negative outlook.
In the broader market context, Nupur Recyclers has consistently underperformed against the benchmark BSE500, generating a return of -16.79% over the past year while the benchmark has gained 0.89%. This underperformance is evident over the last three years, where the stock has lagged behind the market significantly. While the stock is currently trading at a discount compared to its peers, its expensive valuation, indicated by a price-to-book value of 4.1, coupled with declining profits, suggests that investors may remain cautious. Overall, the combination of short-term gains against a backdrop of long-term challenges and consistent underperformance relative to the market contributes to a complex picture for Nupur Recyclers' stock movement.