Why is Pacific Inds falling/rising?

As of 19-Sep, Pacific Industries Ltd's stock price is currently at Rs 196.00, reflecting an increase of Rs 3.0 or 1.55%. The stock has shown a positive trend recently, gaining 8.89% over the last four days and outperforming its sector by 1.29% today. The stock reached an intraday high of Rs 199, indicating strong intraday performance. However, despite this recent uptick, the stock has experienced a significant decline of 48.86% over the past year, with profits falling by 37.4%. The company has a return on equity (ROE) of 1.7 and is trading at a premium compared to its peers, which may contribute to mixed investor sentiment.
In the broader market context, Pacific Industries has outperformed the Sensex in the short term, with a 1-week return of 8.32% compared to the benchmark's 0.88%. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the past three years and has a weak long-term fundamental strength, evidenced by a poor EBIT to Interest ratio and declining operating profits. This combination of short-term gains against a backdrop of long-term challenges may create volatility in investor confidence, influencing the stock's price movements.