Why is Pacific Inds falling/rising?

As of 23-Sep, Pacific Industries Ltd is experiencing a price increase, currently at Rs 199.00, reflecting a rise of Rs 4.7 or 2.42%. Today's performance indicates that the stock outperformed its sector by 1.45%, reaching an intraday high of Rs 200, although it also touched a low of Rs 189.95. Over the past week, the stock has shown a notable return of +8.95%, contrasting with a slight decline of -0.34% in the Sensex. Despite this short-term gain, the stock has faced significant challenges, including a year-to-date decline of -35.59% and a one-year drop of -45.88%. The company's fundamentals are under scrutiny, with a low return on equity (ROE) of 1.7 and a concerning drop in profits by -37.4% over the past year, contributing to its weak long-term growth outlook.
Broader market context shows that while Pacific Industries has performed well in the short term, its long-term performance remains below par compared to the benchmark indices. The stock's recent rise comes amid a broader market decline, as indicated by the Sensex's positive return of +5.07% year-to-date. However, the stock's liquidity appears adequate for trading, despite a decrease in delivery volume by -21.77% against the five-day average. Overall, while there are short-term gains, the stock's long-term fundamentals and recent negative financial results suggest caution for investors.