Why is W S Inds. falling/rising?

As of 25-Jun, W S Industries (India) Ltd is experiencing a rise in its stock price, currently at 89.13, with an increase of 1.74 or 1.99%. The stock has shown strong performance recently, gaining 17.03% over the last eight consecutive days and outperforming its sector by 1.51%. In the short term, the stock has returned +10.30% over the past week and +18.59% over the past month, significantly outpacing the Sensex, which returned +1.61% and +1.27% respectively. However, despite these recent gains, the stock has a troubling long-term trajectory, with a year-to-date decline of -23.33% and a one-year drop of -36.94%. The company's financial health is concerning, as it has reported negative results for the last three consecutive quarters, with a significant fall in net sales and profitability metrics.
Broader Market Context: The stock's recent performance contrasts sharply with the broader market, as the Sensex has generated a positive return of +5.91% year-to-date and +6.02% over the past year. While W S Industries has shown short-term resilience, its long-term performance remains weak, particularly with a high Debt to EBITDA ratio indicating low ability to service debt. The lack of domestic mutual fund investment, holding only 0% of the company, further suggests a lack of confidence in its future prospects. This combination of short-term gains against a backdrop of long-term challenges highlights the volatility and risk associated with investing in W S Industries.