Why is Sangam India falling/rising?

As of 03-Jul, Sangam (India) Ltd's stock price is rising, currently at 461.45, reflecting an increase of 3.45 (0.75%). The stock has shown a positive trend today, gaining after three consecutive days of decline, and it outperformed its sector by 0.45%. The stock reached an intraday high of Rs 478.05, marking a 4.38% increase. Over the past week, Sangam has outperformed the benchmark Sensex, with a return of 5.04% compared to the Sensex's decline of 0.62%. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly. Despite a fair valuation indicated by a Return on Capital Employed (ROCE) of 6.5, the stock has faced challenges, including a 21.3% decline in profits over the past year.
In the broader market context, Sangam's performance has been notably strong compared to the benchmark, as it has generated a return of 12.62% over the past year, significantly higher than the BSE500's return of 2.20%. This indicates that while the stock is experiencing a rise in price, it is doing so against a backdrop of weak long-term fundamentals, including a high Debt to EBITDA ratio and negative results over the last ten quarters. The lack of domestic mutual fund investment may also suggest caution among institutional investors regarding the stock's valuation and business prospects.