Why is Sheela Foam falling/rising?

As of 11-Jul, Sheela Foam Ltd. is currently priced at 680.00, reflecting an increase of 2.75 or 0.41%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 1.53% today. However, despite this short-term uptick, the stock has experienced a significant decline of 34.31% over the past year, with profits falling by 57.3%. The company has a low Debt to Equity ratio and a very attractive valuation with a ROCE of 1.7, but it has consistently underperformed against benchmarks over the last three years. High institutional holdings at 27.4% suggest that these investors are aware of the company's fundamentals, which may influence market perception.
In the broader market context, Sheela Foam's recent performance contrasts with the Sensex, which has seen a slight decline of 1.12% over the past week and a minimal change over the past month. While the stock has gained 2.10% in the last month, its year-to-date performance remains poor at -31.50%, indicating ongoing challenges. The stock's liquidity is adequate for trading, but the falling investor participation, evidenced by a decrease in delivery volume, raises concerns about sustained interest. Overall, while there is a slight positive movement in the stock price, the long-term outlook remains bleak due to poor growth metrics and negative results over recent quarters.