Why is Emmbi Industries falling/rising?

As of 01-Sep, Emmbi Industries Ltd is currently priced at 103.30, reflecting an increase of 1.3 (1.27%). The stock has been gaining for the last three days, with a total return of 3.2% during this period. However, it opened today with a significant loss of 7.35%, indicating volatility, and traded within a wide range of Rs 10.6. Despite this recent uptick, the stock has underperformed its sector by 1.38% today and has shown a negative return of 6.89% over the past month. The company's financial health is concerning, with a return on capital employed (ROCE) of 7.8 and a significant decline in profits by 31.7% over the past year, contributing to its weak long-term fundamental strength.
Broader market context shows that while Emmbi Industries has gained 1.97% over the past week, the benchmark Sensex has declined by 1.56% during the same period, indicating a relative outperformance in the short term. However, the stock has underperformed the benchmark over longer periods, with a year-to-date decline of 37.43% compared to a 2.85% gain in the Sensex. This underperformance, coupled with a high debt to EBITDA ratio and poor sales growth, suggests that investor confidence may be waning, leading to falling participation and liquidity issues. Overall, while there are some short-term gains, the long-term outlook remains bleak, contributing to the stock's mixed performance.