Why is Suraj falling/rising?

As of 01-Sep, Suraj Ltd's stock price is currently at 314.10, reflecting an increase of 9.95 or 3.27%. Today's price summary indicates that the stock has outperformed its sector by 2.06% and has experienced a trend reversal, gaining after three consecutive days of decline. The stock opened with a gain of 2.6% and reached an intraday high of Rs 321.2, marking a 5.61% increase. However, despite this short-term uptick, the stock has seen a significant decline of 39.57% year-to-date and an 8.96% drop over the past month. The company has reported negative results for the last two consecutive quarters, with a 55.6% fall in profits and a concerning Debt to EBITDA ratio of 2.51 times, indicating low ability to service debt. This financial strain, coupled with a decline in net sales, has contributed to a cautious outlook among investors. In the broader market context, Suraj Ltd's recent performance contrasts with the Sensex, which has only declined by 1.56% over the past week. While Suraj's stock has outperformed the sector today, its longer-term performance remains troubling, with a year-to-date return significantly worse than the benchmark. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence in its valuation and business prospects. Overall, while there are signs of short-term recovery, the underlying financial challenges and poor long-term growth indicators continue to weigh heavily on investor sentiment.