Why is Golden Tobacco falling/rising?

As of 02-Jul, Golden Tobacco Ltd is currently priced at 34.81, reflecting an increase of 0.64 or 1.87%. Despite this positive movement today, the stock has shown a significant decline over the past week and month, with returns of -2.87% and -3.31%, respectively. The stock is trading below its moving averages across all time frames, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 53.38% compared to the 5-day average. The company's long-term fundamentals appear weak, as it has not declared results in the last six months, and it has a high debt-to-equity ratio, which raises concerns about its financial health.
In the broader market context, Golden Tobacco's performance has been underwhelming compared to the benchmark, with a year-to-date return of -11.20% against the Sensex's 6.75%. This consistent underperformance over the past three years, coupled with negative financial results, suggests that the stock is not attracting investor confidence. While today's performance outpaced the sector by 2.36%, the overall trend indicates that the stock is struggling to recover from its historical lows, further emphasizing the risks associated with investing in it at this time.