Why is Sangam India falling/rising?

As of 29-Aug, Sangam (India) Ltd's stock price is currently at Rs 379.60, reflecting an increase of Rs 8.15 or 2.19%. The stock has shown a positive performance today, outperforming its sector by 2.89% and achieving consecutive gains over the last two days, with an overall return of 8.49% during this period. Despite this recent uptick, the stock has faced challenges, including a significant decline of 14.29% over the past month and a year-to-date drop of 8.31%. The company has reported a high Debt to EBITDA ratio of 3.51 times and has experienced a 49% decrease in profits over the past year, which raises concerns about its financial health. Additionally, the stock has underperformed against benchmarks over the last three years, generating a return of -6.44% in the past year. In the broader market context, while Sangam (India) Ltd has shown a positive return of 4.86% over the past week, the benchmark Sensex has declined by 1.84% during the same period. This indicates that the stock's recent performance is relatively strong compared to the overall market. However, the company's long-term growth prospects remain uncertain due to its consistent underperformance and negative results over the last 11 quarters, which may deter investor confidence. The low participation from domestic mutual funds, holding only 0% of the company, further suggests a lack of comfort with the stock's valuation or business outlook, despite its attractive valuation metrics compared to peers.