Why is Prima Industries falling/rising?

As of 28-Jul, Prima Industries Ltd is experiencing a price increase, currently at 21.02, reflecting a change of 0.55 or 2.69% upward. The stock has shown a strong performance today, outperforming its sector by 2.89% and has gained consecutively over the last two days, with an overall rise of 8.35% during this period. However, despite these short-term gains, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a poor EBIT to Interest ratio of 0.54 and a low Return on Equity of 4.70%. The company's cash and cash equivalents are critically low, and it has been trading at risky valuations, with profits having fallen by 74% over the past year.
In the broader market context, Prima Industries has outperformed the Sensex in the short term, with a 1-week return of +2.29% compared to the benchmark's -1.59%. However, the stock's year-to-date performance remains concerning, with a decline of 26.55% against the Sensex's gain of 3.52%. This contrast highlights the stock's volatility and the potential risks associated with its weak financial fundamentals, despite the recent uptick in price and increased investor participation.