Why is Vijay Solvex falling/rising?

As of 20-Oct, Vijay Solvex Ltd's stock price is currently at 805.00, reflecting an increase of 15.65 (1.98%). Today, the stock has shown a trend reversal, gaining after three consecutive days of decline, despite opening with a loss of 6.23%. It reached an intraday high of Rs 839.8, indicating a significant recovery from its low of Rs 740.2. The stock has been highly volatile today, with an intraday volatility of 6.3%. Although the stock has underperformed against the benchmark over the past year with a return of -22.00%, it has seen a substantial increase in profits by 445%, which may contribute to its recent price movement. The stock's valuation appears attractive with a Price to Book Value of 0.8, but it also faces challenges such as weak long-term fundamental strength and a negative EBIT to Interest ratio.
In the broader market context, the stock's short-term performance over the past week shows a gain of 1.07%, while the Sensex has increased by 2.47%. This indicates that Vijay Solvex is lagging behind the benchmark in the short term. The stock's performance over the last month is also concerning, with a decline of 3.89% compared to the Sensex's gain of 2.10%. The liquidity of the stock remains adequate for trading, but its consistent underperformance against the benchmark over the last three years raises concerns about its long-term viability. Overall, while there are some positive indicators, the stock's recent rise may be more of a short-term correction rather than a sign of sustained recovery.