Why is Fedders Holding falling/rising?

As of 14-Jul, Fedders Holding Ltd's stock price is currently at Rs 45.30, reflecting an increase of Rs 1.1 or 2.49%. Today's performance indicates a trend reversal, as the stock has gained after two consecutive days of decline, reaching an intraday high of Rs 46, which is a 4.07% increase. However, despite this uptick, the stock has underperformed in the short term, with a 1-week return of -2.77% compared to the Sensex's -1.42%. The stock's long-term performance has been concerning, with a year-to-date decline of -39.73% and a one-year drop of -51.71%. The company has also reported negative results for the last three consecutive quarters, with profits falling by -58.9%, which may contribute to investor hesitance.
Broader Market Context: In the context of the broader market, Fedders Holding has significantly underperformed, with the BSE500 generating a return of 0.26% over the past year while the stock has seen a drastic decline of -51.71%. This stark contrast highlights the challenges the company faces, particularly with weak long-term fundamentals, as indicated by an average Return on Equity (ROE) of 7.56% and a lack of domestic mutual fund investment, suggesting a lack of confidence in the stock's valuation. Despite today's positive movement, the overall trend and fundamental weaknesses indicate that the stock's recovery may be limited in the face of broader market conditions.