Why is Acme Resources falling/rising?

As of 21-Jul, Acme Resources Ltd's stock price is currently at Rs 41.06, reflecting an increase of Rs 1.14 or 2.86%. The stock has shown a positive trend recently, gaining 3.66% over the last two days and outperforming its sector by 2%. Despite this recent uptick, the stock has experienced a decline of 29.37% over the past year, which indicates a significant underperformance compared to the broader market. The company's return on equity stands at 2.7, and it is trading at a premium relative to its peers, despite having a fair valuation with a price-to-book value of 0.8. However, the company is facing challenges, including operating losses and a weak long-term growth outlook, with net sales declining at an annual rate of 7.17%.
In the broader market context, Acme Resources has underperformed the benchmark, with a year-to-date return of -15.55% compared to the Sensex's gain of 5.20%. While the stock has shown some recovery in the short term, its long-term fundamentals remain weak, as evidenced by a significant drop in investor participation and a decline in delivery volume. The stock's performance over the last month has been more favorable, with a return of 7.71%, contrasting sharply with its one-year performance. Overall, while there are some positive short-term movements, the underlying issues and long-term outlook suggest caution for investors.