Why is Goodricke Group falling/rising?

As of 02-Jul, Goodricke Group Ltd's stock price is rising, currently at 225.10, reflecting an increase of 4.85 or 2.2%. The stock has shown a strong performance recently, gaining 7.4% over the last three days and outperforming its sector by 2.02% today. Despite this positive short-term movement, the company faces significant challenges, including a substantial decline in net sales and operating losses, which have resulted in a weak long-term fundamental strength. The company's ability to service its debt is also concerning, indicated by a poor EBIT to Interest ratio of -0.92. Furthermore, the low return on equity of 2.64% suggests limited profitability, which may deter long-term investors.
In the broader market context, Goodricke Group's recent short-term return of 8.74% over the past week significantly outpaces the Sensex's return of 0.79% during the same period. However, the stock's year-to-date performance remains negative at -22.33%, contrasting sharply with the Sensex's positive return of 6.75%. This discrepancy highlights the stock's volatility and the potential risks associated with its current valuation, as indicated by the low stake held by domestic mutual funds, which may reflect a lack of confidence in the company's future prospects.