Why is Renaiss. Global falling/rising?

As of 15-Sep, Renaissance Global Ltd's stock price is currently at 119.15, reflecting an increase of 1.7, or 1.45%. The stock has shown a positive trend recently, gaining 2.98% over the last two days and outperforming its sector by 2.42% today. It reached an intraday high of Rs 120.5, indicating strong short-term performance. Despite a year-to-date decline of 30.75%, the stock has generated a return of 12.99% over the past month, suggesting a recovery phase. The company's return on capital employed (ROCE) of 7.1 indicates a very attractive valuation, and the recent increase in promoter stake by 3.52% reflects growing confidence in the company's future.
In the broader market context, Renaissance Global Ltd's short-term performance of +1.66% over the past week outpaces the Sensex's +1.24%, indicating relative strength. However, the stock's long-term performance remains concerning, with a decline of 17.94% over the past year compared to a slight drop of 1.33% in the Sensex. The stock's liquidity appears adequate, but a notable decrease in delivery volume suggests waning investor participation. While the recent positive movements may indicate a short-term recovery, the underlying long-term fundamentals and performance metrics raise caution regarding sustained growth.