Why is Goenka Diamond falling/rising?

As of 04-Jul, Goenka Diamond & Jewels Ltd is experiencing a price increase, with its current price at 0.92, reflecting a change of 0.01 or 1.1% upward. Today's price summary indicates that the stock has outperformed its sector by 0.33%, and the delivery volume has significantly risen by 69.85% against the 5-day average, suggesting increased investor participation. However, despite this short-term positive movement, the stock has shown a poor long-term performance, with a year-to-date decline of 19.30% and a 3-year drop of 54.23%. The company's operating losses and a high Debt to EBITDA ratio indicate weak long-term fundamental strength, which may contribute to investor caution despite the recent uptick.
In the broader market context, the stock's performance over the past week has been flat at 0.00%, while the benchmark Sensex has declined by 0.74%. Over the past month, Goenka Diamond has outperformed the Sensex, gaining 5.75% compared to the benchmark's 3.01% increase. However, the stock's long-term challenges, including a negative EBITDA and a significant decline in net sales over the past five years, suggest that while there may be short-term gains, the overall outlook remains risky and uncertain compared to the broader market trends.