Why is Sadhana Nitro falling/rising?

As of 11-Jul, Sadhana Nitro Chem Ltd's stock price is currently at 6.99, reflecting an increase of 0.33 or 4.95%. The stock has shown a positive trend recently, gaining for the last two consecutive days with a total return of 10.08% during this period. Despite this short-term gain, the stock has significantly underperformed over the longer term, with a one-month return of -60.15% and a year-to-date return of -82.67%. The company recently reported a growth in net profit of 58.91%, which, along with a very attractive valuation indicated by a PEG ratio of 0.4, suggests potential for recovery. However, the stock is trading below all major moving averages, indicating a bearish trend, and the high level of pledged promoter shares adds to the concerns regarding its long-term stability.
In the broader market context, Sadhana Nitro has outperformed the sector by 6.3% today, while the benchmark Sensex has only declined by 1.12% over the past week. However, the stock's long-term performance remains troubling, with a staggering -89.56% return over the past year compared to the Sensex's modest gain of 3.26%. This consistent underperformance against the benchmark, coupled with weak long-term fundamentals such as a high debt-to-EBITDA ratio and low return on capital employed, suggests that while there may be short-term gains, the overall outlook for Sadhana Nitro remains precarious.