Why is Sangam India falling/rising?

As of 11-Sep, Sangam (India) Ltd's stock price is rising, currently at Rs 400.75, reflecting an increase of Rs 26.5 or 7.08%. The stock has shown strong performance today, outperforming its sector by 6.59% and has been on a consecutive gain streak for the last four days, accumulating a total return of 10.1% during this period. Additionally, the stock has touched an intraday high of Rs 419, indicating significant intraday volatility. Over the past week and month, the stock has returned 8.31% and 8.49%, respectively, although it has underperformed on a year-to-date basis with a decline of 3.20%. Despite a long-term growth potential indicated by a 33.22% annual growth in operating profit, the company faces challenges such as a high Debt to EBITDA ratio of 3.51 times and a significant drop in profits over the past year, which has contributed to a negative sentiment around the stock.
In the broader market context, Sangam (India) Ltd's recent short-term returns have significantly outperformed the Sensex, which has only increased by 1.03% over the same week. This contrast highlights the stock's relative strength in the current market environment. However, it is important to note that the company has consistently underperformed against benchmarks over the last three years, with a one-year return of -7.63%. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the company's prospects, further complicating its market position despite the recent price rise.