Why is Smartlink Hold. falling/rising?

As of 01-Sep, Smartlink Holdings Ltd is experiencing a price increase, currently at Rs 148.00, reflecting a gain of Rs 10.0 or 7.25%. The stock has shown a positive trend today, having outperformed its sector by 4.73% and marking a reversal after six consecutive days of decline. It opened with a significant gain of 7.25% and reached an intraday high of Rs 148. However, the stock has a concerning long-term performance, with a year-to-date decline of 24.80% and a one-year return of -40.03%. The company faces challenges such as weak long-term fundamental strength, negative operating profits, and a low return on equity of 3.99%, which may contribute to investor caution despite today's positive movement.
In the broader market context, Smartlink Holdings Ltd's short-term performance contrasts with the benchmark, as it has gained 2.07% over the past month while the Sensex has declined by 0.29%. Despite today's rise, the stock's long-term performance remains below par, underperforming the BSE500 over various time frames. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 76.43% against the five-day average, indicating potential liquidity concerns. Overall, while the stock is rising today, its long-term outlook remains uncertain due to fundamental weaknesses and poor historical performance.