Why is Sangam India falling/rising?

As of 23-Jul, Sangam (India) Ltd is currently priced at 461.70, reflecting an increase of 4.95, or 1.08%. The stock's performance today is in line with its sector, although it is experiencing a decline in investor participation, with delivery volume falling by 53.49% compared to the 5-day average. Despite this, the stock has shown strong returns over various periods, including a 14.54% increase over the past year and a remarkable 743.29% rise over the last five years. However, the company has faced challenges, such as a 21.3% decline in profits over the past year and negative results for the last ten consecutive quarters, which may impact investor sentiment.
In the broader market context, the stock's recent performance has outpaced the benchmark, with a 1-month return of 3.39% compared to the Sensex's 1.01%. This indicates that while Sangam (India) Ltd has shown resilience in the short term, its long-term fundamentals are concerning, particularly with a low Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio. The lack of domestic mutual fund investment may also signal caution among institutional investors regarding the stock's valuation and business outlook.