Why is Dec.Gold Mines falling/rising?

As of 31-Jul, Deccan Gold Mines Ltd is experiencing a price increase, currently at Rs 138.65, which reflects a change of 2.75 or 2.02% upward. The stock has shown a positive performance today, outperforming its sector by 3.2% and achieving a consecutive gain over the last two days with a total return of 2.17%. Despite this short-term gain, the stock has underperformed over the past week and month, with declines of 1.39% and 6.16%, respectively. Additionally, the stock's long-term performance is concerning, with a significant drop of 17.96% over the past year, indicating weak fundamentals, including operating losses and a high debt-to-EBITDA ratio. Furthermore, promoter confidence appears to be waning, as they have reduced their stake in the company by 0.52%.
In the broader market context, while the Sensex has seen a slight decline of 1.22% over the past week, Deccan Gold Mines' recent gains suggest a temporary divergence from this trend. However, the stock's year-to-date performance is notably strong at 22.16%, significantly outperforming the Sensex's 3.90% increase. This contrast highlights the stock's volatility and the challenges it faces, including poor long-term growth and negative EBITDA, which may overshadow its recent price movements. Overall, while the stock is rising in the short term, the underlying financial issues and reduced promoter confidence could pose risks for future performance.