Why is Sky Industries falling/rising?

As of 14-Jul, Sky Industries Ltd is experiencing a price increase, currently at Rs 107.20, reflecting a rise of Rs 4.85 or 4.74%. The stock has shown a strong performance today, outperforming its sector by 4.31%, and has been on a consecutive gain streak for the last four days, accumulating an 8.28% return during this period. It opened with a gain of 2.59% and reached an intraday high of Rs 108.05. Despite these positive movements, the stock's delivery volume has decreased by 29.55% compared to the five-day average, indicating a potential decline in investor participation. Additionally, while the stock has generated a return of -8.84% over the past year, its profits have increased by 31.3%, and it is trading at a discount compared to its peers, suggesting attractive valuation metrics.
In the broader market context, Sky Industries has outperformed the Sensex over the past week with a return of 5.30% compared to the benchmark's decline of 1.42%. However, the stock's year-to-date performance shows a significant decline of 37.67%, while the Sensex has gained 5.27% during the same period. This contrast highlights the stock's volatility and potential recovery phase, despite its weak long-term fundamental strength indicated by a low CAGR growth in net sales and profitability metrics. The combination of recent profit growth and attractive valuation may be contributing to the current upward price movement, even as long-term concerns linger.