Why is Smartlink Hold. falling/rising?

As of 11-Aug, Smartlink Holdings Ltd is experiencing a significant rise in its stock price, currently at Rs 170.80, reflecting an increase of Rs 28.0 or 19.61%. The stock has shown strong performance today, outperforming its sector by 18.26% and achieving a consecutive gain over the last three days, with a total return of 22.48% during this period. It reached an intraday high of Rs 170.8 and has been trading above its moving averages across various timeframes. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly, indicating a potential lack of sustained interest. Additionally, the company's long-term fundamentals are weak, with an average Return on Equity (ROE) of only 3.99% and negative operating profits, which may pose risks to its future performance.
In the broader market context, Smartlink Holdings has outperformed the Sensex in the short term, with a 1-week return of +20.41% compared to the benchmark's -0.51%. Despite this recent surge, the stock has underperformed over the longer term, with a year-to-date decline of -13.21% against the Sensex's gain of +3.15%. The stock's performance over the past year has been particularly poor, with a drop of -39.34%, indicating that while there may be short-term gains, the overall trend remains concerning when viewed in the context of the broader market.