Why is Singer India falling/rising?

As of 04-Aug, Singer India Ltd's stock price is currently at Rs 68.60, reflecting an increase of Rs 2.91 or 4.43%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 4.62% today. The stock reached an intraday high of Rs 69.74, indicating positive momentum. However, despite this short-term gain, the stock has underperformed over the past month with a return of -1.35% and a year-to-date decline of -15.30%. The company's recent financial performance is noteworthy, with a significant net profit growth of 168.21% and record high net sales, although it has faced challenges with a long-term decline in operating profits.
In the broader market context, Singer India has outperformed the Sensex in the short term, with a weekly return of +0.31% compared to the benchmark's +0.16%. However, over the past year, the stock has significantly lagged behind the market, with a return of -18.51% against the Sensex's slight gain of +0.05%. This underperformance is compounded by weak long-term fundamentals, as indicated by a -21.34% CAGR growth in operating profits over the last five years. Despite trading at a discount compared to peers and showing a fair valuation, the stock's recent gains may not be enough to offset its longer-term challenges.