Why is Suryaamba Spinni falling/rising?

As of 31-Jul, Suryaamba Spinning Mills Ltd is experiencing a price increase, currently at Rs 157.45, reflecting a rise of Rs 3.95 or 2.57%. Today's trading has shown significant volatility, with the stock opening down by 7.17% but later reaching an intraday high of Rs 165.5, indicating a wide trading range of Rs 23. Despite this day's performance, the stock has underperformed over the past month with a return of -1.13% and a year-to-date return of -0.32%. Positive factors include a higher profit after tax of Rs 1.80 crore in the latest six months and an attractive valuation compared to peers, although the stock has seen a significant decline in profits by 33.1% over the past year, contributing to its overall negative performance.
In the broader market context, the stock has outperformed the sector by 4.92% today, while the textile sector itself has fallen by 2.37%. Over the past week, Suryaamba Spinning Mills has shown a return of +2.91%, contrasting with the Sensex's decline of -1.22%. However, the stock's long-term fundamentals remain weak, with a -11.88% CAGR growth in operating profits over the last five years and consistent underperformance against the benchmark over the last three years. This mixed performance highlights the challenges the company faces despite today's positive movement.