Why is Sky Industries falling/rising?

As of 19-Aug, Sky Industries Ltd is experiencing a rise in its stock price, currently at 99.00, reflecting an increase of 2.25 or 2.33%. The stock has shown a positive trend over the last three days, gaining 5.32% during this period and opening with a gain of 5.37% today, reaching an intraday high of Rs 101.95. Despite this recent uptick, the stock has underperformed its sector by 0.63% today and has a year-to-date decline of 42.44%. The company has a Return on Capital Employed (ROCE) of 13.2, indicating a very attractive valuation, and it is trading at a discount compared to its peers' average historical valuations. However, the stock's long-term fundamental strength is weak, with a CAGR growth in net sales of only 10.46% over the last five years and a significant decline in profits.
In the broader market context, the Sensex has increased by 1.76% over the past week, while Sky Industries has only gained 0.97% in the same timeframe, indicating a relative underperformance. The stock's performance has been notably poor over the past year, with a return of -21.80%, significantly worse than the market's decline of -0.91%. This underperformance highlights the challenges the company faces, including flat results in recent quarters and declining net sales. Despite the recent positive movement, the overall trend suggests that investor sentiment remains cautious due to the company's weak fundamentals and significant historical losses.