Why is Ace Integrated falling/rising?

As of 04-Aug, Ace Integrated Solutions Ltd is experiencing a price increase, currently at Rs 24.80, with a change of 0.46 (1.89%) upward. Despite this daily gain, the stock has shown a concerning trend, underperforming its sector by 2.5% today and having a negative return of 8.35% over the past month. The stock opened with a gain of 2.47% and reached an intraday high of Rs 26.03, but it also touched a low of Rs 23.83, indicating volatility. The company has been facing significant challenges, including operating losses and a weak ability to service its debt, reflected in a poor EBIT to Interest ratio of -1.30. Additionally, the stock has generated a return of -32.63% over the past year, with a decline in net sales and profitability, contributing to its negative sentiment among investors.
In the broader market context, the Sensex has shown a positive return of 4.56% year-to-date, contrasting sharply with Ace Integrated's year-to-date decline of 19.97%. This underperformance is further highlighted by the stock's negative returns over various periods, including a 3-year decline of 15.07% compared to the Sensex's gain of 42.23%. The stock's liquidity appears adequate for trading, but the falling investor participation, with a significant drop in delivery volume, suggests a lack of confidence among investors. Overall, while there is a slight uptick in the stock price today, the underlying fundamentals and broader market performance indicate a challenging environment for Ace Integrated Solutions Ltd.