Why is Poddar Pigments falling/rising?

As of 11-Sep, Poddar Pigments Ltd. is currently priced at 285.85, reflecting an increase of 2.8 (0.99%). The stock has been gaining for the last two days, with a total return of 2.82% during this period. Despite this recent uptick, the stock has underperformed over the past month, showing a decline of 2.09%, and a significant drop of 30.25% over the past year. The company has a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 0.8, but it has also faced challenges, including a 34.5% decrease in profits over the past year and a negative growth rate in operating profit over the last five years. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 67.54% against the five-day average.
In the broader market context, Poddar Pigments has outperformed the sector by 0.44% today, while the benchmark Sensex has only increased by 1.03% over the past week. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years and has shown negative returns in both the short and long term. The stock's recent gains may be attributed to a temporary market reaction, but the overall trend indicates a struggle for recovery amidst poor financial results and declining investor interest.