Why is PSP Projects falling/rising?

As of 02-Sep, PSP Projects Ltd is experiencing a price increase, currently at Rs 702.00, reflecting a rise of 18.9 points or 2.77%. The stock has outperformed its sector by 1.72% today and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 708.9. In the past week, the stock has gained 1.86%, contrasting with a slight decline in the benchmark Sensex, which fell by 0.78%. Despite a negative performance over the past month with a decline of 7.57%, the stock has shown resilience year-to-date with an increase of 8.03%. The company maintains a low debt-to-equity ratio of 0.06, which is a positive factor, but it has faced significant challenges, including a 16.9% drop in net sales and negative results for the last seven consecutive quarters, which have contributed to a poor long-term growth outlook.
Broader market context indicates that while PSP Projects has shown some short-term strength, its long-term performance remains concerning, especially when compared to the benchmark. The stock's year-on-year return of 3.24% is modest, particularly given the backdrop of a 2.91% decline in the Sensex over the same period. The company's operating profit has decreased at an annual rate of 13.99% over the last five years, and its profitability metrics, such as a return on equity of 4.7 and a price-to-book value of 2.3, suggest that the stock is trading at a premium compared to its peers. This combination of short-term gains amidst long-term struggles highlights the complexity of PSP Projects' current market position.