Why is SPL Industries falling/rising?

As of 27-Jun, SPL Industries Ltd is experiencing a price increase, currently at Rs 43.47, reflecting a rise of 2.07 or 5.0%. The stock has shown strong performance recently, gaining 13.2% over the past week and outperforming its sector by 4.27% today. It opened with a gain of 3.62% and reached an intraday high of Rs 43.47. Despite this positive movement, the stock has a concerning long-term outlook, with a significant decline of 31.05% over the past year and negative profit results in recent quarters. The company has a low debt-to-equity ratio and is trading at a premium compared to its peers, but its declining sales and profits raise concerns about its sustainability.
In the broader market context, while SPL Industries has outperformed the Sensex by 11.20% over the past week, it has underperformed significantly over the longer term, with a year-to-date decline of 27.44% compared to the Sensex's gain of 7.58%. This stark contrast highlights the stock's volatility and the challenges it faces in maintaining investor confidence amidst poor long-term growth metrics. The recent uptick in investor participation and liquidity may provide some short-term support, but the overall negative trends in sales and profitability suggest that the stock's rise may not be sustainable without a turnaround in its financial performance.