Why is Swelect Energy falling/rising?

As of 10-Jul, Swelect Energy Systems Ltd's stock price is currently at Rs 608.00, reflecting an increase of Rs 17.5 or 2.96%. The stock has shown a strong performance today, outperforming its sector by 2.9% and reaching an intraday high of Rs 609, which is a 3.13% increase. Over the past week, the stock has gained 3.15%, while its performance over the last month shows a modest increase of 1.03%. However, despite these short-term gains, the stock has significantly underperformed over the longer term, with a year-to-date decline of 39.79% and a one-year drop of 49.61%. Positive factors contributing to the recent rise include substantial growth in net sales, profit before tax, and profit after tax compared to previous quarters, indicating improved financial performance. However, the stock's long-term growth prospects are hindered by a decline in operating profit over the last five years and a lack of interest from domestic mutual funds, which may signal concerns about the company's valuation or business stability.
In the broader market context, while the Sensex has remained relatively flat with a slight decline of 0.06% over the past week, Swelect Energy's recent performance stands out positively in the short term. However, the stock's significant underperformance over the past year, where it generated negative returns of 49.61% compared to the market's positive return of 4.09%, raises concerns about its long-term viability. This stark contrast suggests that while the stock may be experiencing a temporary uptick, broader market sentiment and historical performance indicate ongoing challenges that could affect future price movements.