Why is PSP Projects falling/rising?

As of 23-Jul, PSP Projects Ltd is experiencing a price increase, currently at Rs 829.90, which reflects a rise of Rs 17.05 or 2.1%. The stock has shown a positive performance today, outperforming its sector by 3.42% and gaining for the last two consecutive days, with a total return of 2.61% during this period. It is also trading close to its 52-week high, just 1.52% away from Rs 842.5. Over the past month, the stock has generated a return of 12.12%, significantly higher than the benchmark Sensex's 1.01% increase. However, the company has faced challenges, including a decline in operating profit over the last five years and negative results for the past six quarters, which may impact investor sentiment despite the recent price rise.
In the broader market context, PSP Projects' short-term performance has been slightly negative, with a 1-week return of -0.22% compared to the Sensex's modest gain of 0.11%. While the stock has outperformed the benchmark over the longer term, with a year-to-date return of 27.72% against the Sensex's 5.87%, the overall market conditions and the company's declining profitability may create a cautious outlook for investors. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume by 40.6% against the 5-day average suggests a potential decrease in investor participation, which could influence future price movements.