Why is SPL Industries falling/rising?

As of 18-Jul, SPL Industries Ltd is currently priced at 41.95, reflecting an increase of 0.7, or 1.7%. Despite this uptick, the stock has exhibited poor performance overall, with a year-to-date decline of 30.26% and a one-year drop of 33.53%. Today's trading performance indicates that the stock has underperformed its sector significantly, with erratic trading patterns noted as it did not trade on 2 out of the last 20 days. Additionally, SPL Industries is trading below its moving averages across multiple time frames, which suggests a lack of momentum. Although there has been a slight increase in delivery volume, the company has faced substantial challenges, including a significant fall in net sales and operating profit over the last five years, which contributes to its negative outlook.
In the broader market context, SPL Industries has outperformed the benchmark Sensex over the past week and month, with returns of 2.32% and 9.96%, respectively, while the Sensex has declined by 0.72% and increased by 0.63%. However, the stock's long-term performance remains concerning, with a stark contrast to the benchmark's growth of 5.60% year-to-date and 0.68% over the past year. The company's low debt-to-equity ratio and fair valuation metrics are overshadowed by its declining earnings and negative results in recent quarters, leading to a perception of poor long-term growth potential. This combination of factors contributes to the stock's volatility and overall negative sentiment among investors.