Why is FratelliVineyard falling/rising?

As of 24-Oct, Fratelli Vineyards Ltd's stock price is currently at Rs 129.50, reflecting an increase of Rs 1.05 or 0.82%. The stock has shown a positive trend recently, gaining 6.67% over the last three days and outperforming its sector by 0.96% today. However, despite this short-term gain, the company has faced significant challenges, including a 51.66% decline in net sales and consecutive negative results over the last three quarters. The company's high debt to EBITDA ratio of 9.40 times and a low return on equity of 1.08% indicate weak long-term fundamental strength, which could be contributing to investor caution despite the recent price increase.
In the broader market context, Fratelli Vineyards has outperformed the Sensex in the past week with a return of 4.94% compared to the index's 0.31%. However, over the longer term, the stock has significantly underperformed, with a year-to-date decline of 61.23% against the Sensex's gain of 7.77%. This stark contrast highlights the stock's volatility and the market's lack of confidence in its recovery, as evidenced by the negligible domestic mutual fund holdings. While recent trading activity suggests increased investor participation, the overall negative financial indicators and the company's inability to generate consistent profits may overshadow short-term gains, leading to a cautious outlook among investors.