Why is Swelect Energy falling/rising?

As of 24-Jul, Swelect Energy Systems Ltd's stock price is currently at Rs 692.50, reflecting an increase of Rs 21.2 or 3.16%. Today, the stock opened lower with a loss of 4.21%, but it managed to touch an intraday high of Rs 705.15, indicating some recovery during the trading session. The stock has outperformed its sector by 4.63% today, and there has been a notable rise in investor participation, with delivery volume increasing by 32.9% compared to the 5-day average. Despite the positive movement today, the stock has seen a significant decline over the past year, with a return of -44.47%, while its profits have decreased by 52.5%. The company reported its highest net sales at Rs 218.81 crore and a profit before tax growth of 146.7%, which may contribute to the recent positive sentiment.
In the broader market context, while the stock has shown a strong performance over the past week and month, with returns of +17.58% and +20.43% respectively, it has significantly underperformed the benchmark Sensex, which has only seen a slight decline of -0.09% over the past week and a marginal increase of +0.16% over the past month. This underperformance is further highlighted by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its long-term growth potential. Overall, despite some positive short-term movements, the stock's long-term outlook remains challenged, as indicated by its negative annual growth rate of -4.92% in operating profit over the last five years.