Why is Asian Tea & Exp falling/rising?

As of 11-Jul, Asian Tea & Exports Ltd is currently priced at 12.75, reflecting an increase of 0.13 or 1.03%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 1.43%. It has outperformed its sector by 1.97% today. However, despite this recent uptick, the stock has a year-to-date decline of 28.13% and has underperformed the benchmark over the past year, with a return of -21.88%. The company has a low return on equity and a high debt-to-EBITDA ratio, indicating weak long-term fundamentals, which may contribute to investor caution. Additionally, the decrease in promoter holding to 59.42% could signal reduced confidence from major stakeholders.
In the broader market context, the stock's short-term performance contrasts with the Sensex, which has seen a slight decline of 1.12% over the past week. While Asian Tea & Exports Ltd has outperformed the benchmark in the short term, its long-term performance remains concerning, as it has consistently underperformed against the BSE500 over the last three years. The company's recent profit growth of 40% juxtaposed with a significant decline in stock price suggests that while operational performance may be improving, investor sentiment remains negative due to historical underperformance and high debt levels.