Why is Filmcity Media falling/rising?

As of 27-Jun, Filmcity Media Ltd's stock price is currently at 2.88, reflecting a slight increase of 0.01 or 0.35%. The stock has shown a positive trend recently, gaining 3.60% over the past week and 10.77% over the past month, despite a year-to-date decline of 45.35%. Today's performance indicates that the stock has underperformed its sector by 10.25%, but it has gained after two consecutive days of decline. The stock's moving averages are higher than the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average. However, the company faces significant challenges, including operating losses and a high debt-to-EBITDA ratio, which contribute to its weak long-term fundamental strength and low profitability.
Broader Market Context: The benchmark Sensex has increased by 2.00% over the past week and 3.07% over the past month, indicating that while Filmcity Media has outperformed the benchmark in the short term, its year-to-date performance is significantly lagging behind the market's overall growth of 7.58%. The film production, distribution, and entertainment sector has gained by 10.67%, suggesting a favorable environment for the industry, yet Filmcity Media's falling investor participation and liquidity concerns may hinder its recovery. The company's majority shareholders being non-institutional and its expensive valuation further complicate its outlook, despite the recent uptick in stock price.