Why is Plaza Wires falling/rising?

As of 25-Aug, Plaza Wires Ltd is experiencing a price increase, currently at Rs 56.75, reflecting a rise of 1.4 or 2.53%. Today, the stock opened with a significant gain of 9.85% and reached an intraday high of Rs 60.8, indicating strong initial investor interest. Despite this positive movement, the stock has shown a decline of 5.26% over the past month and a substantial drop of 25.91% year-to-date. The company's recent financial performance has been mixed; while it reported a 120.45% growth in profit after tax and a 39.16% increase in net sales over the last six months, it has also faced a significant decline in profits of 22% over the past year. Additionally, the stock's long-term fundamentals are weak, with a -20.36% CAGR growth in operating profits over the last five years, indicating challenges in sustaining profitability.
In the broader market context, Plaza Wires has outperformed the sector today by 2.55%, which is notable given its recent struggles. The Sensex has only increased by 0.45% over the past week, suggesting that the stock's short-term performance is relatively strong compared to the benchmark. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last year and three years, with a return of -36.24%. This juxtaposition of short-term gains against a backdrop of long-term declines highlights the volatility and uncertainty surrounding Plaza Wires Ltd, making it a complex case for investors.