Why is Sapphire Foods falling/rising?

As of 09-Jul, Sapphire Foods India Ltd is experiencing a price increase, currently at 338.35, reflecting a rise of 2.55 or 0.76%. The stock has shown positive performance recently, outperforming its sector by 0.93% today and achieving consecutive gains over the last two days with a total return of 0.85%. In terms of returns compared to the benchmark, the stock has increased by 5.65% over the past week and 3.12% over the past month, while its one-year return stands at 8.40%. Despite these gains, the stock's profits have fallen by 34.6% over the past year, and it is trading at a discount compared to its peers' average historical valuations. Additionally, the stock has a high institutional holding of 68.92%, indicating confidence from larger investors, though it faces challenges with weak long-term fundamentals and a high debt-equity ratio.
Broader market context shows that while Sapphire Foods has outperformed the Sensex in the short term, the benchmark has gained only 0.15% over the past week and 1.32% over the past month. This suggests that the stock's recent rise is not solely driven by broader market trends, but rather by specific factors related to the company itself. However, the overall market sentiment remains cautious due to the company's weak long-term growth prospects and declining profitability, which could impact future performance.