Why is Pritika Auto falling/rising?

As of 30-Jun, Pritika Auto Industries Ltd is experiencing a price increase, currently at 18.70, reflecting a rise of 0.45 or 2.47%. The stock has shown a positive trend with consecutive gains over the last two days, resulting in a total return of 3.72% during this period. Despite this short-term performance, the stock has underperformed significantly over the past year, with a decline of 33.12%. The company has a Return on Capital Employed (ROCE) of 9.4, indicating a very attractive valuation, and it is trading at a discount compared to its peers. However, the stock also faces challenges, such as a high Debt to EBITDA ratio and a low inventory turnover ratio, which contribute to concerns about its long-term fundamental strength.
In the broader market context, Pritika Auto's recent performance has outpaced the sector by 1.92%, while the benchmark Sensex has only increased by 2.09% over the past week. Although the stock has shown some resilience in the short term, its year-to-date performance remains poor, with a decline of 24.78% compared to the Sensex's gain of 7.00%. This stark contrast highlights the stock's struggle to recover from previous losses, despite recent gains. The falling investor participation, indicated by a significant drop in delivery volume, suggests that while there may be some short-term optimism, long-term investor confidence remains low.