Why is KIC Metaliks falling/rising?

As of 18-Sep, KIC Metaliks Ltd is currently priced at 33.54, reflecting a slight increase of 0.05 or 0.15%. The stock has outperformed its sector today by 0.91%, although it is trading above its 5-day and 20-day moving averages, it remains below its longer-term moving averages (50-day, 100-day, and 200-day). Over the past week, the stock has gained 2.98%, but it has experienced a decline of 4.03% over the past month and a significant drop of 19.18% year-to-date. The company has faced negative results for the last three consecutive quarters, with substantial declines in profit before tax, profit after tax, and net sales, indicating weak long-term fundamental strength and a high debt-to-EBITDA ratio, which negatively impacts investor sentiment.
In the broader market context, KIC Metaliks' short-term performance of +2.98% over the past week contrasts with the Sensex, which has risen by 1.80% in the same period, suggesting that the stock is experiencing a temporary rebound despite its overall poor performance. The stock's long-term returns are concerning, having fallen by 24.93% over the past year, while the benchmark has remained relatively stable with a slight increase of 0.08%. This underperformance, coupled with a significant decline in operating profits and negative investor participation, indicates that while there may be short-term gains, the overall outlook for KIC Metaliks remains weak.