Why is Golden Tobacco falling/rising?

As of 24-Jul, Golden Tobacco Ltd's stock price is currently at Rs 35.97, reflecting an increase of Rs 1.63 or 4.75%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this positive movement today, the stock has underperformed significantly over the longer term, with a year-to-date decline of 8.24% and a one-year return of -13.35%. The stock's performance today has outpaced its sector by 6.37%, but it has seen a drop in investor participation, with delivery volume falling by 57.47% against the five-day average. Additionally, the company has not declared results in the last six months, raising concerns about its long-term fundamental strength, particularly given its high debt levels and poor growth metrics.
In the broader market context, the Sensex has shown a slight decline of 0.09% over the past week, while Golden Tobacco's performance over the last month has been more favorable, with a return of 4.26% compared to the benchmark's 0.16%. However, the stock's long-term underperformance is notable, particularly over the past three years, where it has generated a return of -58.42% against the Sensex's 46.57% gain. This consistent underperformance, combined with the company's weak financial results and high debt, contributes to a perception of risk among investors, despite today's positive price movement.