Why is Sky Industries falling/rising?

As of 18-Sep, Sky Industries Ltd is experiencing a price increase, currently valued at 98.49, reflecting a rise of 3.7 or 3.9%. The stock has outperformed its sector today by 4.95% and has gained consecutively over the last two days, accumulating a total return of 7.5% in this period. Despite a significant decline of 31.13% over the past year, the stock is trading at a discount compared to its peers, with a very attractive valuation indicated by a Return on Capital Employed (ROCE) of 13.2. However, the company has faced challenges, including a 1.8% drop in profits over the past year and a weak long-term fundamental strength, as evidenced by a 10.46% CAGR growth in net sales over the last five years.
In the broader market context, Sky Industries has outperformed the Sensex in the short term, with a weekly return of 5.22% compared to the benchmark's 1.80%. While the stock has shown some positive momentum recently, it has underperformed the market significantly over the past year, where the BSE500 index recorded a negative return of 1.96%. The stock's recent gains may be attributed to rising investor participation, as indicated by a 95.23% increase in delivery volume, which suggests a growing interest despite the company's ongoing profitability challenges.