Why is Filmcity Media falling/rising?

As of 22-Jul, Filmcity Media Ltd's stock price is currently at 2.46, reflecting an increase of 0.04 or 1.65%. The stock has shown a positive performance today, outperforming its sector by 4.28% and has been on a consecutive gain for the last two days, rising 3.36% during this period. However, despite this recent uptick, the stock has experienced a significant decline of 11.51% over the past month and a staggering 53.32% year-to-date. The company has generated a notable return of 76.98% over the past year, but this is juxtaposed with operating losses and a weak long-term fundamental strength, indicated by a high Debt to EBITDA ratio and low profitability per unit of shareholders' funds.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has outperformed the Sensex, which has declined by 0.47% over the past week. The film production, distribution, and entertainment sector has also faced a downturn, falling by 2.8%. Despite the recent gains, the overall market sentiment remains cautious due to the company's operating losses and low return on equity, which contribute to a perception of an expensive valuation. This combination of factors suggests that while there may be short-term positive movements, the underlying financial health of Filmcity Media Ltd raises concerns among investors.