Why is Kenvi Jewels falling/rising?

As of 13-Aug, Kenvi Jewels Ltd's stock price is currently at 2.92, reflecting an increase of 0.04 or 1.39%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, the stock has outperformed its sector by 1.92% today, with a significant rise in delivery volume, which increased by 76.53% against the 5-day average. However, over the past year, the stock has generated a return of -47.58%, indicating a substantial decline, despite a 33.40% growth in net sales over the last six months and an attractive valuation compared to peers.
In the broader market context, the stock's short-term performance has been notably poor, with a 1-week return of -6.71% compared to a flat Sensex performance of -0.01%. This underperformance is consistent with its longer-term returns, where it has lagged behind the benchmark indices over various periods, including a -12.31% return over the past month and a -28.95% year-to-date. The company's weak long-term fundamental strength, indicated by an average return on capital employed (ROCE) of 9.68% and a poor EBIT to interest ratio, further contributes to the stock's struggles. Despite the recent positive movement, the overall outlook remains cautious due to these underlying weaknesses.