Why is Sky Industries falling/rising?

As of 20-Aug, Sky Industries Ltd is experiencing a price increase, currently at 100.60, reflecting a change of 1.6 (1.62%) upward. The stock has shown a strong performance today, outperforming its sector by 2.64% and gaining for the last four consecutive days, with a total return of 7.02% over the past week. It opened with a significant gain of 6.06% and reached an intraday high of Rs 105. Despite this positive short-term movement, the stock has faced challenges over the longer term, with a year-to-date decline of 41.51% and a one-year return of -29.99%. The company has a Return on Capital Employed (ROCE) of 13.2, indicating a very attractive valuation, but its profits have fallen by 1.8% over the past year, contributing to the stock's overall volatility.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only increased by 1.64% over the past week. While Sky Industries has shown a notable short-term recovery, it has underperformed the market significantly over the past year, where the broader market (BSE500) generated negative returns of -1.20%. This underperformance, coupled with weak long-term fundamental strength and flat results in recent quarters, suggests that while the stock is currently rising, it faces ongoing challenges that could impact its future performance.