Why is Pavna Industries falling/rising?

As of 12-Nov, Pavna Industries Ltd's stock price is currently at Rs 36.71, reflecting an increase of Rs 2.0 or 5.76%. The stock has shown a positive trend recently, gaining 11.34% over the last two days and outperforming its sector by 4.91% today. Despite this short-term gain, the stock has had a challenging year, with a return of -38.30% over the past year and a decline of -25.54% year-to-date. The company's financial performance has been under pressure, with significant drops in net sales and profits over the last three quarters, indicating weak long-term fundamental strength and a high debt-to-EBITDA ratio.
In the broader market context, Pavna Industries has outperformed the Sensex in the short term, with a 1-week return of +4.23% compared to the Sensex's +1.21%. However, the stock's long-term performance remains concerning, as it has underperformed the benchmark indices over the past year and three years. The company's fair valuation and discount compared to peers may attract some investors, but the persistent negative results and declining operating profits suggest caution. Overall, while there is some positive momentum in the short term, the underlying financial issues and long-term performance concerns continue to weigh heavily on the stock.