Why is SPL Industries falling/rising?

As of 20-Aug, SPL Industries Ltd is experiencing a price increase, currently at 37.10, reflecting a change of 0.35 or 0.95% upward. The stock has shown a positive trend over the last two days, gaining 6% in returns, although it remains below its 20-day, 50-day, 100-day, and 200-day moving averages. Despite this recent uptick, the stock has significantly underperformed over longer periods, with a year-to-date decline of 38.07% and a one-year return of -39.43%. The company's promoters have increased their stake by 6.04%, indicating rising confidence in the business, yet the company has faced challenges with declining net sales and operating profits, which have fallen by 166.16% over the past five years.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has gained 1.64% over the past week. While SPL Industries has outperformed its sector by 0.39% today, its overall returns over the past month and year highlight a concerning trend of consistent underperformance against the benchmark indices. The falling investor participation, evidenced by a 25.9% drop in delivery volume, further complicates the stock's outlook, suggesting that despite short-term gains, the long-term prospects remain uncertain amid negative financial results and a risky trading environment.