Why is Singer India falling/rising?

As of 18-Sep, Singer India Ltd's stock price is currently at Rs 91.58, reflecting an increase of 1.14 (1.26%). The stock has shown strong performance recently, gaining 12.91% over the past week and 22.37% over the past month, significantly outperforming the Sensex, which has only risen by 1.80% and 2.14% in the same periods, respectively. Today's trading session saw the stock open with a gain of 2.28% and reach an intraday high of Rs 94.99, indicating positive investor sentiment. However, despite these gains, the company faces challenges such as a significant decline in operating profit over the last five years and a negative profit after tax for the most recent quarter, which may raise concerns about its long-term growth prospects.
Broader Market Context: The stock's recent performance contrasts sharply with its long-term growth metrics, as it has only generated a return of 1.98% over the past year, while its profits have decreased by 8.8%. This underperformance in profitability, coupled with the fact that domestic mutual funds hold no stake in the company, suggests a lack of confidence in its future potential. While the stock has been liquid and has seen increased investor participation, the overall market context indicates that despite short-term gains, there are underlying risks that could affect its sustainability in the long run.