Why is Indo Euro Indch. falling/rising?

As of 15-Sep, Indo Euro Indchem Ltd's stock price is currently at 12.50, reflecting a slight increase of 0.02, or 0.16%. The stock has been gaining for the last four days, with a total return of 6.2% during this period. However, despite this recent uptick, the stock has shown a significant underperformance over the longer term, with a year-to-date decline of 22.79% and a one-year return of -14.56%. The company's fundamentals are concerning, as evidenced by a weak average Return on Equity (ROE) of 3.70% and a negative EBITDA, indicating challenges in profitability. Additionally, the latest six-month net sales have decreased by 56.56%, further contributing to the stock's overall risk profile.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.24% over the past week and 4.67% year-to-date. While Indo Euro Indchem Ltd has seen a short-term recovery, its long-term growth prospects remain weak, as highlighted by poor sales growth and a low EBIT to Interest ratio of 0.13. This consistent underperformance against the benchmark over the last three years suggests that investor sentiment may still be cautious despite recent gains, reflecting a broader trend of skepticism regarding the company's financial health and future potential.