Why is Patels Airtemp falling/rising?

As of 11-Aug, Patels Airtemp (India) Ltd is experiencing a price increase, currently at Rs 340.00, reflecting a rise of Rs 10.8 or 3.28%. Today's price summary indicates that the stock has gained after nine consecutive days of decline, opening with a gain of 2.98% and reaching an intraday high of Rs 350.5, which is a 6.47% increase. However, despite this positive movement, the stock has underperformed significantly over the past year, with a return of -47.45%, while its profits have decreased by 13.9%. The stock is also trading below all major moving averages, indicating a bearish trend, and has seen a decline in investor participation, with delivery volume falling by 12.52% against the five-day average.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has fallen by 28.88% over the past month compared to a mere 2.30% decline in the Sensex. While the stock has shown some short-term recovery, its long-term growth prospects remain poor, with net sales and operating profit declining significantly over the last five years. The stock is trading at a discount compared to its peers, which may attract some investors; however, the overall negative sentiment from its substantial year-to-date decline and poor financial performance suggests that caution is warranted.