Why is Epic Energy falling/rising?

As of 01-Jul, Epic Energy Ltd's stock price is rising, currently at Rs 62.12, reflecting an increase of 2.95 (4.99%). The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 21.8% during this period. It opened with a gain of 4.99% today and has maintained this price level throughout the trading session. Additionally, the stock has outperformed its sector by 5.76%. Despite a significant decline of 46.72% year-to-date, it has shown remarkable performance over the past year with a return of 294.41%. Positive financial results reported in March, including the highest quarterly PBDIT and PAT, have likely contributed to this recent upward movement. However, concerns about long-term fundamental strength, such as a low Return on Equity (ROE) and weak debt servicing ability, may temper investor enthusiasm.
In the broader market context, Epic Energy's short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 2.00% over the past week. This stark contrast highlights the stock's strong recovery in the near term, especially given its recent gains compared to the benchmark's modest performance. While the stock's long-term outlook remains questionable due to its weak fundamentals, the current momentum and rising investor participation suggest a positive sentiment in the short term.