Why is SPL Industries falling/rising?

As of 02-Jul, SPL Industries Ltd's stock price is currently at 46.40, reflecting an increase of 0.91 or 2.0%. The stock has been on an upward trend, gaining for the last eight consecutive days and achieving a remarkable 20.83% return during this period. Despite this recent positive performance, the stock has underperformed over the longer term, with a year-to-date decline of 22.55% and a one-year drop of 25.76%. The company has a low Debt to Equity ratio, which is a positive factor, but it has also reported negative results in the last two quarters, including a significant fall in net sales and operating profit over the past five years. This combination of short-term gains and long-term struggles contributes to a mixed outlook for the stock.
In the broader market context, SPL Industries has outperformed the Sensex by 1.78% today, indicating a strong short-term performance relative to the benchmark. Over the past week, the stock has increased by 12.13%, while the Sensex has only risen by 0.79%. However, despite this short-term success, the stock's long-term performance remains concerning, as it has significantly lagged behind the market, which has generated a return of 3.11% over the past year. This stark contrast highlights the challenges SPL Industries faces in maintaining investor confidence amid its ongoing financial difficulties.