Why is Yarn Syndicate falling/rising?

As of 04-Jul, Yarn Syndicate Ltd's stock price is currently at 21.04, reflecting an increase of 0.79 or 3.9%. The stock has outperformed its sector today by 11.61%, although it is trading lower than its 100-day and 200-day moving averages. Over the past week, the stock has shown a strong performance with a return of +10.74%, while its year-to-date performance remains negative at -28.80%. Positive factors contributing to the recent price movement include a higher profit after tax and net sales, indicating improved financial health, despite the company's weak long-term fundamentals characterized by a low return on capital employed and high debt levels.
In the broader market context, the Sensex has experienced a decline of -0.74% over the past week, which contrasts with Yarn Syndicate's positive short-term return. However, the stock has significantly underperformed the market over the past year, with a staggering return of -51.48%, while the broader market has generated a return of 2.13%. This underperformance highlights the challenges the company faces despite recent positive financial results, suggesting that while there may be short-term gains, the long-term outlook remains concerning.