Why is Sangam India falling/rising?

As of 15-Jul, Sangam (India) Ltd's stock price is rising, currently at 467.45, reflecting an increase of 25.6 or 5.79%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 4.45%. In terms of performance, the stock has delivered a return of 15.51% over the past year, significantly outperforming the BSE500 index over various time frames, including a 74.98% increase over three years. However, despite this positive performance, the company's profits have fallen by 21.3%, and it has declared negative results for the last ten consecutive quarters, which raises concerns about its long-term fundamental strength.
In the broader market context, the stock's short-term return of 0.86% over the past week contrasts with the Sensex's decline of 1.36%, indicating a relative strength against the market. While the stock is trading at a discount compared to its peers' average historical valuations, the weak long-term growth metrics, such as a low Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, suggest caution. Additionally, the falling investor participation, with a notable decrease in delivery volume, may indicate a lack of confidence among investors, despite the stock's recent gains.