Why is SPL Industries falling/rising?

As of 01-Jul, SPL Industries Ltd is experiencing a price increase, currently at Rs 45.49, reflecting a rise of 1.89 (4.33%). The stock has shown strong performance recently, gaining 18.46% over the last seven days and outperforming its sector by 4.97% today. Despite this positive short-term movement, the company has faced significant challenges, including a decline in net sales and operating profit over the past five years, leading to a negative return of -28.90% over the last year. The company has also reported poor financial results in recent quarters, contributing to a perception of expensive valuation relative to its peers, which may temper investor enthusiasm despite the recent gains.
In the broader market context, SPL Industries has significantly outperformed the benchmark Sensex in the short term, with a weekly return of +12.88% compared to the Sensex's +2.00%. However, the stock's year-to-date performance remains concerning, with a decline of -24.07% against the Sensex's +7.11%. This stark contrast highlights the stock's volatility and the challenges it faces in maintaining investor confidence amidst ongoing financial difficulties. The falling investor participation, indicated by a substantial drop in delivery volume, further suggests that while the stock may be rising in the short term, broader concerns about its long-term viability persist.