Why is Deco-Mica falling/rising?

As of 19-Aug, Deco-Mica Ltd's stock price is currently at Rs 74.40, reflecting an increase of Rs 1.4 or 1.92%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 5.53% during this period. It reached an intraday high of Rs 76.75, although it also experienced a low of Rs 70. The stock's performance today has outperformed its sector by 1.49%. Despite a year-to-date decline of 8.15% and a one-year return of -9.82%, the stock is trading at a discount compared to its peers, which may attract investors. However, the company faces challenges such as a high Debt to EBITDA ratio and low profitability metrics, which could weigh on long-term investor sentiment.
Broader market context indicates that while Deco-Mica has struggled over the past week and month with declines of 5.82% and 9.54% respectively, the benchmark Sensex has shown resilience with a 1.76% gain over the past week and a slight decline of 0.14% over the past month. This contrast highlights the stock's underperformance relative to the broader market. Despite the recent gains, the overall weak long-term fundamentals and declining profits may continue to pose risks, suggesting that while short-term movements are positive, the stock's long-term outlook remains uncertain in comparison to the market's performance.