Why is Mahindra Holiday falling/rising?

As of 01-Aug, Mahindra Holidays & Resorts India Ltd is experiencing a slight increase in its stock price, currently at 356.00, reflecting a change of 0.6 (0.17%) upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it has a mixed performance in the short term, with a 1-week return of -0.86% and a 1-month return of +4.02%. Despite the recent uptick, the stock has underperformed over the past year with a return of -20.54%, while its profits have increased by 6.9%. The company is characterized by high debt, with a Debt to Equity ratio of 5.40 times, and has shown poor long-term growth in net sales, which has grown at an annual rate of only 6.61% over the last five years.
Broader market context indicates that the stock's short-term performance is slightly better than the benchmark, as the Sensex has declined by 1.06% over the past week. Despite the stock's recent gains, investor participation has fallen significantly, with delivery volume dropping by 48.04% against the 5-day average. The stock is trading at a discount compared to its peers, which may attract some investors looking for value, but the high debt levels and low profitability per unit of capital employed continue to pose risks. Overall, while there are some positive indicators such as healthy long-term growth in operating profit, the stock's high debt and recent underperformance relative to the market suggest caution.