Why is Spandana Sphoort falling/rising?

As of 02-Sep, Spandana Sphoorty Financial Ltd's stock price is currently at Rs 252.20, reflecting an increase of Rs 3.35 or 1.35%. The stock has shown positive momentum recently, gaining for three consecutive days with a total return of 3.64% during this period. It outperformed its sector by 1.48% today and reached an intraday high of Rs 258.25. However, despite this short-term gain, the stock has experienced significant declines over the past year, with a return of -59.26%, and has been underperforming against the benchmark indices over various time frames. The company has a high institutional holding of 25.45%, which may indicate confidence from larger investors despite its negative financial performance, including a return on equity of -39.3% and a significant drop in profits.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 0.78% over the past week. While Spandana Sphoorty has shown a short-term positive return of 2.35% in the last week, its long-term outlook remains concerning due to a consistent pattern of negative results over the past five quarters and a substantial decline in operating profit. This poor long-term growth, coupled with a significant drop in net sales, suggests that while the stock may be experiencing a temporary rise, the underlying fundamentals continue to reflect a challenging environment for the company.