Why is SPL Industries falling/rising?

As of 30-Jul, SPL Industries Ltd's stock price is currently at 41.92, reflecting an increase of 0.82 or 2.0%. Today's price summary indicates that the stock has outperformed its sector by 2.01%, although it has experienced erratic trading, having not traded on one day out of the last 20. The stock is trading higher than its 5-day, 50-day, and 100-day moving averages, but lower than its 20-day and 200-day moving averages. Despite this positive movement, the stock has shown a decline of 3.85% over the past month and a significant drop of 30.03% year-to-date. The company's low debt-to-equity ratio and the recent increase in promoter stake by 6.04% signal confidence in the business, but the company has faced poor long-term growth, with net sales and operating profit declining significantly over the last five years.
In the broader market context, while the Sensex has shown a decline of 1.50% over the past week, SPL Industries has managed to gain 2.00%, indicating a relative strength in the short term. However, the stock has underperformed the market over the last year, with a return of -36.68% compared to the Sensex's slight increase of 0.03%. This stark contrast highlights the challenges the company faces, including consecutive quarters of negative results and a significant drop in earnings per share. Overall, while there are some positive indicators, the stock's long-term performance and recent negative financial results suggest a cautious outlook.