Why is Elixir Capital falling/rising?

As of 03-Jul, Elixir Capital Ltd's stock price is currently at 117.95, reflecting a slight increase of 0.2 (0.17%). The stock has shown positive momentum recently, gaining 2.57% over the last two days and outperforming its sector by 0.69%. However, despite a year-on-year return of 11.27%, the company has faced significant challenges, including a 36.5% decline in profits. The stock is trading at a premium compared to its peers, with a Price to Book Value of 1.2, but it also has operating losses and weak long-term fundamentals, which contribute to a mixed outlook for investors.
In the broader market context, Elixir Capital's short-term performance has been favorable compared to the Sensex, which has declined by 0.62% over the past week while Elixir has increased by 0.60%. Despite this positive short-term return, the company's year-to-date performance is concerning, with a significant drop of 65.02% compared to the Sensex's gain of 6.53%. The falling investor participation, indicated by a 72.62% drop in delivery volume, suggests caution among investors, which could impact future price movements.