Why is Sangam India falling/rising?

As of 25-Jul, Sangam (India) Ltd's stock price is currently at 452.60, reflecting an increase of 3.05 (0.68%). The stock has outperformed its sector today by 3.55%, despite the broader textile sector declining by 2.97%. Over the past week, the stock has seen a decrease of 2.54%, but it has shown a positive trend in the longer term, with a 3.19% increase over the past month and a notable 9.32% rise year-to-date. While the stock has generated a return of 6.04% over the past year, it is important to note that the company's profits have fallen by 21.3%. The stock is trading at a discount compared to its peers, which may attract investors despite its weak long-term fundamentals, including a low return on capital employed and a high debt-to-EBITDA ratio.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a slight decline of 0.36% over the past week and a modest increase of 4.25% year-to-date. The stock's ability to outperform the benchmark in the short term, combined with rising investor participation indicated by a significant increase in delivery volume, suggests a positive sentiment among traders. However, the lack of domestic mutual fund investment may indicate caution regarding the company's long-term growth prospects, as they typically conduct thorough research before committing capital. Overall, while the stock is experiencing a rise in price, underlying concerns about profitability and fundamental strength remain.