Why is Mittal Life Styl falling/rising?

As of 08-Jul, Mittal Life Style Ltd's stock price is currently at 1.76, reflecting an increase of 0.02 or 1.15%. The stock has shown a positive performance today, outperforming its sector by 1.84%. Over the past week, it has gained 5.39%, and over the last month, it has risen by 18.92%. However, despite these short-term gains, the stock has a year-to-date decline of 27.57% and a one-year return of -17.37%. The company has a fair valuation with a Price to Book Value of 1.4, and while profits have increased by 173% over the past year, the stock's long-term fundamentals are weak, evidenced by a -36.74% CAGR growth in operating profits over the last five years and a low return on equity of 2.29%. Additionally, the recent decrease in promoter stake by 2.64% may indicate reduced confidence in the company's future.
In the broader market context, the Sensex has shown a slight decline of 0.08% over the past week, while Mittal Life Style Ltd has significantly outperformed this benchmark. Despite the recent positive movement, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. The stock's liquidity is adequate for trading, but the falling investor participation, with a delivery volume decrease of 56.72% against the five-day average, suggests waning interest among investors. Overall, while there are short-term gains, the stock's long-term outlook is overshadowed by fundamental weaknesses and declining promoter confidence.