Why is Spice IslandsInd falling/rising?

As of 17-Sep, Spice Islands Industries Ltd is experiencing a price increase, currently at Rs 79.57, reflecting a rise of 1.56 or 2.0%. Today's performance indicates a trend reversal as the stock has gained after six consecutive days of decline. It has outperformed its sector by 0.99% today, reaching an intraday high of Rs 79.57. Despite this positive movement, the stock has shown a negative return of -3.34% over the past week and -8.53% over the past month. The company has reported significant growth in its financial metrics, including a 600% increase in PAT over the last nine months, but it also faces challenges with weak long-term fundamentals, such as a negative EBITDA and a declining sales trend.
In the broader market context, while the Sensex has increased by 1.56% over the past week, Spice Islands Industries Ltd's short-term performance has lagged behind, indicating a divergence from the overall market trend. The stock has generated a remarkable 89.77% return year-to-date, significantly outperforming the Sensex's 5.83% increase. However, the falling investor participation, as evidenced by a drastic drop in delivery volume, raises concerns about liquidity and investor confidence. Despite the positive short-term price movement, the underlying issues related to long-term growth and financial stability suggest a cautious outlook for the stock.