Why is Promax Power falling/rising?

As of 24-Jun, Promax Power Ltd's stock price is currently at Rs 30.90, reflecting an increase of Rs 1.65 or 5.64%. Today's trading performance indicates that the stock has outperformed its sector by 5.29%, despite opening with a loss of 4.24% earlier in the day. The stock has shown erratic trading patterns, not trading on four out of the last twenty days, and has experienced a wide trading range of Rs 2.9, with a day's high of Rs 30.90 and a low of Rs 28. The stock's one-week return stands at +5.64%, while its one-month return is down by 8.74%. However, the company has not declared results in the last six months, which raises concerns about its long-term fundamental strength, particularly given its high Debt to EBITDA ratio of 4.33 times and an expensive valuation with a 2.4 Enterprise value to Capital Employed.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has seen a modest increase of 0.58% over the past week. Over the past year, Promax Power has significantly underperformed, generating a return of -38.82% compared to the market's positive return of 6.10%. While the stock has shown some short-term recovery, the long-term outlook remains weak due to flat results and a lack of recent financial disclosures. The rising investor participation, indicated by a 42.86% increase in delivery volume, may provide some support, but the overall sentiment is tempered by the company's financial challenges and underperformance relative to the market.