Why is Golden Tobacco falling/rising?

As of 30-Jun, Golden Tobacco Ltd's stock price is currently at Rs 35.68, reflecting an increase of Rs 1.16 or 3.36%. Today's price summary indicates that the stock has outperformed its sector by 3.87% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock opened with a gain of 4.29% and reached an intraday high of Rs 36. However, despite this short-term uptick, the stock has shown significant underperformance over longer periods, with returns of -1.16% over the past week, -4.24% over the past month, and -15.49% over the past year. The company has not declared results in the last six months, indicating weak long-term fundamental strength, and it has a high debt-to-equity ratio, which adds to the risk associated with the stock.
In the broader market context, while Golden Tobacco's stock has seen a short-term rise, it has consistently underperformed against the benchmark, with the Sensex gaining 2.09% over the past week and 2.65% over the past month. The stock's long-term performance is concerning, as it has generated a return of -15.49% over the last year, contrasting sharply with the Sensex's positive return of 5.79% in the same period. This persistent underperformance, coupled with a significant decline in investor participation and liquidity issues, suggests that despite today's rise, the stock remains a risky investment compared to its historical valuations and the overall market performance.