Why is Panyam Cement falling/rising?

As of 19-Sep, Panyam Cements & Mineral Industries Ltd is currently priced at 139.95, reflecting an increase of 1.0 (0.72%). The stock has been gaining for the last two days, with a total return of 5.23% during this period. However, over the past week and month, the stock has underperformed, showing declines of 2.13% and 2.10%, respectively. The company has not declared results in the last six months, which raises concerns about its long-term fundamental strength. Additionally, it has reported negative earnings before interest, taxes, depreciation, and amortization (EBITDA) and a significant drop in profits over the past year, contributing to its perception as a risky investment.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 0.88% over the past week and 1.20% over the past month. While Panyam Cements has outperformed its sector by 0.99% today, its overall year-to-date return of -26.34% starkly contrasts with the Sensex's positive return of 5.74%. This consistent underperformance against the benchmark over the last three years, coupled with high debt levels and weak sales growth, suggests that investor confidence remains low, despite the recent uptick in price.