Why is Vijay Solvex falling/rising?

As of 08-Sep, Vijay Solvex Ltd's stock price is currently at 834.00, reflecting an increase of 7.8 (0.94%). The stock has shown a positive performance today, touching an intraday high of Rs 842.9, which is a 2.02% rise. However, despite this short-term gain, the stock has a year-to-date decline of 10.32% and has underperformed against the benchmark over the last three years. The company's return on equity stands at 5.4, indicating a very attractive valuation with a price-to-book value of 0.8. While profits have surged by 445% over the past year, the stock's overall performance has been hindered by a weak long-term fundamental strength, evidenced by a -6.63% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of -11.51. In the broader market context, Vijay Solvex's short-term return of +2.63% over the past week outpaces the Sensex's +0.53% return, suggesting some relative strength in the stock recently. However, the stock's long-term performance remains concerning, with a one-year return of -16.36% compared to the Sensex's -0.49%. This consistent underperformance against the benchmark, coupled with flat quarterly results and declining investor participation, indicates that while there may be short-term gains, the overall outlook for Vijay Solvex remains challenging.