Why is OK Play India falling/rising?

As of 10-Jul, OK Play India Ltd's stock price is currently at 11.12, reflecting an increase of 0.25 or 2.3%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 2.57% today, with a notable increase in delivery volume, which rose by 23.74% compared to the five-day average. Over the past month, the stock has appreciated by 24.38%, although it has still underperformed on a year-to-date basis with a decline of 35.16%. The company has an attractive valuation with a return on capital employed (ROCE) of 4.6, but it faces challenges such as a high debt-to-EBITDA ratio and significant pledged promoter shares, which could exert downward pressure on the stock.
In the broader market context, the stock's short-term performance has been relatively strong compared to the benchmark, as it has outperformed the Sensex, which has only seen a slight decline of 0.06% over the past week. However, the stock has significantly underperformed over the past year, with a return of -34.32% compared to the market's positive return of 4.09%. This underperformance is compounded by weak long-term fundamentals, including a low ability to service debt and negative profit results in the last quarter. Despite the recent uptick, the overall sentiment remains cautious due to these underlying issues.