Why is Gorani Industrie falling/rising?

As of 01-Oct, Gorani Industries Ltd is currently priced at 75.69, reflecting an increase of 0.99 or 1.33%. The stock has shown a positive trend recently, gaining for three consecutive days and achieving a total return of 6.31% during this period. Despite this short-term gain, the stock has underperformed significantly over longer periods, with a decline of 26.80% over the past year and a staggering 67.02% over the last three years. The company has an attractive valuation with a return on capital employed (ROCE) of 8.4 and is trading at a discount compared to its peers. However, the stock's profits have fallen by 60.3%, indicating underlying financial challenges. Additionally, the company has a high debt-to-EBITDA ratio of 2.97 times, which raises concerns about its ability to service debt.
In the broader market context, Gorani Industries has underperformed against the benchmark Sensex, which has shown a positive return of 3.64% year-to-date, while Gorani has declined by 23.58% in the same period. Although the stock has outperformed its sector by 1.53% today, its long-term performance remains weak, with consistent underperformance against the BSE500 over the last three years. This persistent decline, coupled with flat results in June and low cash reserves, suggests that while there may be short-term gains, the overall outlook for Gorani Industries remains concerning in the context of the broader market.