Why is Sparc Electrex falling/rising?

As of 01-Jul, Sparc Electrex Ltd is experiencing a price increase, with the current price at 7.17, reflecting a rise of 0.34 or 4.98%. The stock has been gaining momentum, having outperformed its sector by 4.12% today and achieving a consecutive gain over the last six days, resulting in an 18.91% return during this period. However, despite this recent uptick, the stock has shown significant underperformance over the longer term, with a year-to-date decline of 49.51% and a staggering 62.44% drop over the past year. The company is facing challenges, including operating losses and a high Debt to EBITDA ratio, which indicate weak long-term fundamental strength and low profitability. Additionally, the falling investor participation, as evidenced by a 61.82% decrease in delivery volume, raises concerns about the stock's liquidity and investor confidence.
In the broader market context, while Sparc Electrex has outperformed the Sensex by a notable margin in the short term, with a 16.59% increase over the past week compared to the Sensex's 2.00% rise, its long-term performance remains troubling. The stock has underperformed the benchmark indices over various time frames, including a 62.43% decline over the last three years, while the Sensex has gained 58.19% in the same period. This stark contrast highlights the ongoing struggles of Sparc Electrex amidst a generally improving market, suggesting that while the recent price movement may reflect short-term optimism, the underlying fundamentals continue to pose significant risks.