Why is Sheela Foam falling/rising?

As of 15-Jul, Sheela Foam Ltd. has experienced a price increase, currently trading at 686.55, which reflects a rise of 12.5 or 1.85%. Today's performance indicates that the stock outperformed its sector by 0.65%, reaching an intraday high of Rs 699.05, a 3.71% increase. Despite this positive movement, the stock has shown a mixed performance over different periods, with a 1-week decline of 0.74% and a 1-month increase of 3.31%. However, it has significantly underperformed over the longer term, with a year-to-date decline of 30.84% and a staggering 47.93% drop over the past three years. The company's low Debt to Equity ratio and attractive valuation metrics may provide some support, but the negative trend in profits, which have fallen by 57.3% over the past year, raises concerns about its sustainability.
In the broader market context, while Sheela Foam's recent short-term performance has been better than the benchmark, which declined by 1.36% over the past week, its long-term returns are concerning. The stock has consistently underperformed against the benchmark over the last three years, with a 33.81% decline in the past year compared to a 5.67% gain in the broader market. The high institutional holdings at 27.4% suggest that knowledgeable investors are closely monitoring the stock, but the company's ongoing negative results and poor long-term growth prospects may overshadow any short-term gains.