Why is Gamco Ltd falling/rising?

As of 26-Aug, Gamco Ltd's stock price is currently at 38.01, reflecting an increase of 0.29 or 0.77%. Today's price summary indicates that the stock has outperformed its sector by 2.74% and has experienced a trend reversal after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 53.07% compared to the 5-day average. Despite a substantial year-to-date decline of 68.92% and a one-year return of -48.50%, the company has shown healthy long-term growth with an operating profit growth rate of 54.51%. The recent increase in promoter stake by 0.74% indicates rising confidence in the company's future, although the company has faced challenges with a low return on capital employed and negative results over the last three quarters.
In the broader market context, Gamco Ltd has underperformed significantly compared to the benchmark, with a one-year return of -48.50% against the BSE500's decline of only -3.87%. This stark contrast highlights the stock's struggles relative to the market. While the stock has shown some positive movement today, the overall trend remains concerning, particularly given the negative financial results and low management efficiency. The stock's recent performance, despite a slight uptick, reflects ongoing challenges that may deter investor confidence in the short term.