Why is Premier falling/rising?

As of 11-Sep, Premier Ltd's stock price is currently at 3.47, reflecting an increase of 0.17 or 5.15%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It has outperformed its sector by 5.87%, and there has been a notable increase in investor participation, with delivery volume rising by 61.53% compared to the 5-day average. However, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Over the past year, Premier has generated a return of -30.88%, and its long-term fundamentals are weak, characterized by a negative book value and a high debt-to-equity ratio, which may contribute to investor caution despite the recent price increase.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 0.29% over the past week while the Sensex has increased by 1.03%. This underperformance is consistent with the stock's longer-term trends, where it has lagged behind the benchmark over the past three years, one year, and three months. The company's poor long-term growth metrics, including stagnant net sales and negative EBITDA, further highlight the risks associated with investing in Premier Ltd, despite the recent uptick in its stock price.