Why is Gravity (India) falling/rising?

As of 03-Jul, Gravity (India) Ltd's stock price is currently at 5.90, reflecting an increase of 0.25 or 4.42%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It has outperformed its sector by 4.12% today and has generated a return of 22.15% over the past year, significantly higher than the market's return of 2.20%. However, the stock is facing challenges, including a weak long-term fundamental strength characterized by operating losses and a negative EBITDA. Additionally, the promoters have reduced their stake in the company, which may indicate a lack of confidence in its future prospects.
In the broader market context, the stock's short-term performance over the past week shows a gain of 1.03%, while the benchmark Sensex has declined by 0.62%. This indicates that Gravity (India) is performing well relative to the market in the short term. However, the stock's long-term performance over three years is significantly lower than the benchmark, with a return of 11.32% compared to the Sensex's 57.33%. The declining investor participation, as evidenced by a 77.91% drop in delivery volume, suggests that while the stock may be rising currently, there are underlying concerns that could affect its sustainability in the future.