Why is Gravity (India) falling/rising?

As of 11-Aug, Gravity (India) Ltd's stock price is currently at 6.28, reflecting an increase of 0.08 or 1.29%. The stock has been performing well recently, with a consecutive gain over the last three days and an impressive return of 8.09% during this period. It has outperformed the sector by 1.27% today and shows strong performance over the past year, generating a return of 45.71%. However, despite this positive short-term movement, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, with net sales declining at an annual rate of -40.99% over the last five years. Additionally, the reduction in promoter confidence, as indicated by a 13.47% decrease in their stake, raises concerns about the company's future prospects.
Broader Market Context: In the short term, Gravity (India) has outperformed the benchmark Sensex, which has declined by 0.51% over the past week, while Gravity's stock has increased by 5.19%. This contrast highlights the stock's relative strength in a broader market that is experiencing a downturn. However, the overall market context remains challenging, with the Sensex down 2.30% over the past month, while Gravity's performance has been more resilient, indicating a potential divergence in investor sentiment towards this particular stock despite its underlying financial difficulties.