Why is Evexia Lifecare falling/rising?

As of 12-Aug, Evexia Lifecare Ltd's stock price is currently at 2.30, reflecting an increase of 0.04 or 1.77%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 2.68% during this period. It has outperformed its sector by 2.28% today, and the delivery volume has significantly increased by 91.8% compared to the 5-day average, indicating rising investor participation. However, despite these positive short-term movements, the stock has experienced a decline of 33.33% year-to-date and a 23.33% drop over the past year, highlighting ongoing challenges. The company has reported positive results for the last five consecutive quarters, with net sales growing at 43.98%, but it also faces high debt levels and weak long-term fundamental strength, which could be contributing to investor caution.
In the broader market context, while Evexia Lifecare has shown some resilience in the short term, its performance over longer periods remains concerning. The stock has underperformed the Sensex, which has gained 2.68% year-to-date, while Evexia's year-to-date performance is significantly negative. Additionally, the stock's long-term growth is hindered by a poor annual growth rate in net sales and a high debt-to-equity ratio, which may deter investors despite its recent gains. Overall, while there are positive indicators in the short term, the long-term outlook remains bleak, affecting investor sentiment and the stock's overall performance.