Why is Imagica. Enter. falling/rising?

As of 17-Sep, Imagicaaworld Entertainment Ltd's stock price is currently at Rs 57.69, reflecting an increase of Rs 0.58 or 1.02%. The stock has shown a positive performance today, outperforming its sector by 0.61% and has been gaining for the last two days, with a total return of 3.42% during this period. However, despite this recent uptick, the stock is still close to its 52-week low, being only 4.56% away from Rs 55.06. Over the past week, the stock has increased by 2.11%, but it has underperformed in the longer term, with a year-to-date decline of 17.97% and a one-year return of -34.54%. The company's financials indicate poor long-term growth, with a significant drop in net sales and profits, which has contributed to a very expensive valuation relative to its peers.
Broader market context shows that while the stock has recently outperformed the sector, it has lagged behind the benchmark index, the Sensex, which has gained 1.56% over the same week. The stock's performance over the past year is particularly concerning, as it has fallen significantly more than the broader market, which has only declined by 0.46%. The low participation from domestic mutual funds, holding only 0.31% of the company, suggests a lack of confidence in the stock's valuation and future prospects. Overall, despite the recent gains, the underlying financial challenges and poor long-term growth outlook continue to weigh heavily on the stock's performance.