Why is Sparc Electrex falling/rising?

As of 03-Jul, Sparc Electrex Ltd's stock price is currently at 7.89, reflecting an increase of 0.37 or 4.92%. The stock has been on a positive trajectory, gaining for the last eight days and achieving a remarkable 30.85% return during this period. Additionally, it has outperformed its sector by 5.12% today. However, despite these short-term gains, the stock has a troubling long-term performance, with a year-to-date decline of 44.44% and a staggering 58.93% drop over the past year. The company is facing significant challenges, including operating losses and a high debt-to-EBITDA ratio, which indicate weak fundamental strength and low profitability.
In the broader market context, while Sparc Electrex has shown a strong short-term performance, the benchmark Sensex has experienced a slight decline of 0.62% over the past week, contrasting with the stock's impressive 23.47% gain in the same timeframe. This suggests that the stock's recent rise is not reflective of broader market trends. However, the company's long-term outlook remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months, indicating a lack of confidence among investors despite the recent uptick in price.