Why is Sparc Electrex falling/rising?

As of 21-Aug, Sparc Electrex Ltd's stock price is currently at 6.56, reflecting an increase of 0.31 or 4.96%. The stock has shown a positive trend recently, gaining 15.49% over the last three days and outperforming its sector by 3.79% today. However, despite this short-term gain, the stock has experienced significant declines over longer periods, with a year-to-date decrease of 53.80% and a staggering 60.24% drop over the past year. The company faces challenges such as operating losses, a high Debt to EBITDA ratio of -1.00 times, and a low Return on Equity of 4.50%, indicating weak long-term fundamental strength and low profitability.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has outperformed the Sensex by 9.88% over the past week while the benchmark only rose by 1.74%. However, the stock's long-term performance remains concerning, with consistent underperformance against the BSE500 over the last three years. The significant drop in delivery volume, which fell by 93.35% against the 5-day average, suggests a decline in investor participation, further complicating the stock's outlook despite its recent gains.