Why is Aditya Bir. Fas. falling/rising?

As of 04-Jul, Aditya Birla Fashion & Retail Ltd's stock price is currently at Rs 78.32, reflecting an increase of Rs 1.83, or 2.39%. The stock has outperformed its sector today by 4.34%, reaching an intraday high of Rs 79.1. However, despite this positive movement, the stock has shown a significant decline over the longer term, with a year-to-date drop of 72.00% and a one-year return of -76.56%. The company is facing challenges such as a high Debt to EBITDA ratio of 5.12 times, negative operating profits, and a reported loss of Rs -269.11 crore in the latest six months, which raises concerns about its long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 6.77% year-to-date. While Aditya Birla Fashion & Retail Ltd has seen a short-term uptick, its long-term performance remains underwhelming, with a three-year return of -68.51% compared to the Sensex's 56.73% gain. The falling investor participation, indicated by a 46.51% decrease in delivery volume against the five-day average, suggests a lack of confidence among investors, further complicating the stock's outlook despite its recent rise.