Why is Ras Resorts falling/rising?

As of 01-Oct, Ras Resorts & Apart Hotels Ltd is experiencing a price increase, currently at Rs 41.97, reflecting a rise of 1.57 (3.89%). The stock has shown a positive trend recently, gaining for the last three days with a total return of 7.51% during this period. Today's performance indicates that it has outperformed its sector by 3.46%. However, despite this short-term gain, the stock has underperformed over longer periods, with a year-to-date decline of 12.20% and a one-year return of -23.69%. The company faces significant challenges, including weak long-term fundamental strength, a low return on capital employed (ROCE) of 2.84%, and a concerning EBIT to interest ratio of 0.78, which suggests difficulties in servicing its debt.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has shown a slight decline of 0.90% over the past week while Ras Resorts has decreased by 2.40%. This indicates that while the stock is currently rising, it has been underperforming compared to the benchmark in the short term. The liquidity of the stock appears adequate, with a 46% increase in delivery volume, suggesting rising investor participation. Nonetheless, the overall picture remains bleak due to the company's poor long-term growth prospects and high valuation compared to peers, which may limit its ability to sustain this upward momentum.