Why is Golden Tobacco falling/rising?

As of 23-Sep, Golden Tobacco Ltd is currently priced at 35.70, reflecting an increase of 0.6 or 1.71%. The stock has outperformed its sector today by 2.83%, although it has shown a negative return of -2.43% over the past week and -1.38% over the past month. Despite this slight uptick, the stock has been underperforming significantly over longer periods, with a year-to-date decline of -8.93% and a staggering -56.22% drop over the last three years. 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. The recent delivery volume has also fallen sharply, indicating a decrease in investor participation.
In the broader market context, the Sensex has shown a slight decline of -0.34% over the past week, while Golden Tobacco's short-term performance has been worse than the benchmark. The stock's long-term underperformance is evident, as it has consistently lagged behind the BSE500 over the past three years. This consistent underperformance, coupled with negative financial results reported in December 2021, contributes to the perception of risk associated with the stock. Overall, while there is a minor increase in price today, the underlying fundamentals and market conditions suggest a challenging outlook for Golden Tobacco Ltd.