Why is Shekhawati Inds falling/rising?

As of 23-Jul, Shekhawati Industries Ltd is currently priced at 23.32, reflecting an increase of 0.17 or 0.73%. Despite this slight uptick, the stock has underperformed its sector by 0.46% today and has been on a downward trend, having fallen for four consecutive days prior to this gain. The stock's performance over the past week shows a decline of 10.07%, while it has managed a marginal increase of 0.13% over the past month. Notably, the company has experienced significant volatility, with a remarkable return of 278.57% over the past year, although this is juxtaposed with a concerning 62.1% drop in profits. The recent increase in promoter confidence, with a 4.35% rise in their stake, suggests a belief in the company's future potential, despite the backdrop of operating losses and declining sales.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 10.07% decline over the past week compared to a slight gain of 0.11% for the Sensex. This underperformance is compounded by a significant drop in net sales and negative results reported in the last two quarters, which have raised concerns about the company's long-term fundamental strength. While the stock is trading at a discount compared to its peers and has shown impressive long-term returns, the immediate outlook remains challenging due to low investor participation and the company's high debt levels, which could hinder its ability to recover in the near term.