Why is Epic Energy falling/rising?

As of 17-Jul, Epic Energy Ltd's stock price is currently at 60.90, reflecting an increase of 0.78 or 1.3%. The stock has shown positive momentum, gaining for the last two days and achieving a total return of 3.31% during this period. It has outperformed its sector by 2.08% today. Despite a year-to-date decline of 47.77%, the stock has generated an impressive return of 211.83% over the past year, significantly surpassing the market's performance. Positive financial results reported on March 25, including the highest quarterly PBDIT and PAT figures, have likely contributed to the stock's recent upward movement. However, concerns about weak long-term fundamentals, such as a low return on equity and poor debt servicing ability, suggest caution for investors.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 1.25% over the past week while the Sensex has declined by 1.12%. This indicates that Epic Energy is currently performing better than the overall market. However, the stock's long-term performance remains a concern, with a significant year-to-date drop compared to the benchmark's positive return of 5.27%. The combination of strong recent performance and underlying fundamental weaknesses presents a complex picture for investors considering the stock's future trajectory.