Why is SGL Resources falling/rising?

As of 20-Jun, SGL Resources Ltd is experiencing a price increase, currently at 4.83, reflecting a change of 0.09 or 1.9% upward. The stock has shown strong performance recently, gaining 16.11% over the last eight days and outperforming its sector by 0.7% today. In terms of returns, the stock has risen by 9.77% over the past week and 42.48% over the past month, despite a year-to-date decline of 29.49%. The company has reported positive financial results over the last four quarters, with significant growth in operating profit, net sales, and return on capital employed, contributing to a favorable valuation compared to its peers.
In the broader market context, while SGL Resources has outperformed the Sensex in the short term, the benchmark index has only increased by 1.59% over the past week and 1.50% over the past month. This indicates that the stock's recent gains are notable against a backdrop of relatively modest market performance. Despite the stock's significant declines over the past year and three years, the impressive growth in profits and attractive valuation metrics suggest a potential for recovery, which may be driving investor interest and participation in the stock.