Why is Eiko Lifescience falling/rising?

As of 18-Jul, Eiko Lifesciences Ltd's stock price is rising, currently at Rs 57.48, reflecting an increase of 5.04 or 9.61%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and it outperformed its sector by 9.9%. It reached an intraday high of Rs 60.39, indicating strong trading activity despite high volatility of 7.36%. Over the past week, the stock has increased by 2.64%, and in the last month, it has risen by 13.82%, although it has underperformed on a year-to-date basis with a decline of 8.38%. Positive factors influencing this rise include a 4.96% increase in promoter stake, reflecting confidence in the company's future, despite underlying concerns such as weak long-term fundamentals and a low return on equity.
Broader market context shows that while Eiko Lifesciences has experienced a short-term gain, it has consistently underperformed against the benchmark over the last three years, with a one-year return of -10.19% compared to the Sensex's 0.51%. The stock's recent performance contrasts with the broader market, which has seen a slight uptick of 0.38% over the past month. This divergence highlights the challenges Eiko Lifesciences faces in maintaining investor confidence amidst its historical underperformance, despite today's positive movement.