Why is Sheela Foam falling/rising?

As of 19-Aug, Sheela Foam Ltd. is experiencing a price increase, currently trading at 700.45, which reflects a rise of 17.7 or 2.59%. The stock has shown positive momentum, gaining 4.33% over the last two days and outperforming its sector by 1.12% today. It reached an intraday high of Rs 709.7, indicating strong trading activity. Despite a challenging year with a return of -24.28%, the stock's recent performance has been bolstered by a low debt-to-equity ratio of 0.24 and a favorable valuation with a ROCE of 1.7. However, the company has faced significant challenges, including a 56% decline in profits over the past year and negative results for the last eight consecutive quarters, which may temper investor enthusiasm.
In the broader market context, Sheela Foam's short-term return of +5.65% over the past week significantly outpaces the Sensex's +1.76% return, suggesting that the stock is gaining traction relative to the market. However, the stock's long-term performance remains concerning, with a -29.44% return year-to-date compared to the Sensex's +4.49%. This consistent underperformance over the past three years, coupled with a decline in operating profit and reliance on non-operating income, indicates that while there may be short-term gains, the long-term outlook for Sheela Foam remains uncertain.