Why is Cineline India falling/rising?

As of 19-Sep, Cineline India Ltd's stock price is currently at Rs 85.48, reflecting an increase of Rs 1.98 or 2.37%. The stock has been gaining momentum, having outperformed its sector by 3% today and achieving a consecutive gain over the last two days with a total return of 2.46%. Despite this recent uptick, the stock has underperformed in the longer term, with a 1-month return of -5.40% and a year-to-date decline of -32.05%. The company has shown an attractive valuation with a return on capital employed (ROCE) of 7.2 and a PEG ratio of 0.1, indicating that while profits have risen significantly by 338.6% over the past year, the stock is still trading at a discount compared to its peers. However, concerns about long-term fundamental strength persist, particularly with a high debt to EBITDA ratio of 14.81 times.
In the broader market context, the stock's short-term performance is slightly below that of the benchmark Sensex, which has gained 0.88% over the past week compared to Cineline's 0.83%. The stock's performance over the last three years has been notably poor, with a decline of -29.36%, contrasting sharply with the Sensex's gain of 39.71% during the same period. This consistent underperformance against the benchmark, combined with weak long-term growth prospects and high debt levels, suggests that while there may be short-term gains, the overall outlook for Cineline India remains challenging.