Why is Renaiss. Global falling/rising?

As of 29-Aug, Renaissance Global Ltd's stock price is currently at 110.40, reflecting an increase of 1.55 or 1.42%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline, outperforming its sector by 1.64%. Despite this positive movement, the stock has underperformed over the past week and month, with declines of 3.58% and 3.12%, respectively. The stock is trading below its moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 27.86% against the five-day average. However, the stock is considered to have a very attractive valuation, trading at a discount compared to its peers, and has seen an increase in promoter confidence, with a 3.52% rise in stake over the previous quarter.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has seen a decline of 1.84% over the past week and 1.88% over the past month. While Renaissance Global Ltd has generated a modest return of 1.70% over the past year, its long-term fundamentals appear weak, with a low average return on capital employed and stagnant sales growth. These mixed signals suggest that while there are some positive factors supporting the stock's recent rise, concerns about its long-term growth prospects may continue to weigh on investor sentiment.