Why is Ruby Mills falling/rising?

As of 31-Jul, Ruby Mills Ltd. is currently priced at 251.80, reflecting a slight increase of 0.3 (0.12%). The stock has shown a positive trend recently, outperforming its sector by 2.47% today and has gained 8.77% over the last two days. In the past week, Ruby Mills has risen by 3.09%, while its one-month return stands at 2.78%. However, despite these short-term gains, the company faces challenges with weak long-term fundamentals, as indicated by a low Return on Capital Employed (ROCE) of 5.15% and stagnant growth in net sales and operating profit over the past five years. Additionally, the stock's valuation appears expensive relative to its performance, with profits having declined by 5.2% over the past year, which may deter long-term investors.
In the broader market context, Ruby Mills has managed to outperform the Sensex, which has declined by 1.22% over the past week. While the stock has shown resilience in the short term, the overall market sentiment is affected by the textile sector's decline of 2.44%. Furthermore, the lack of domestic mutual fund investment in Ruby Mills suggests a cautious outlook from institutional investors, potentially limiting broader market support for the stock. Despite the recent positive price movement, these underlying factors indicate that the stock's long-term prospects may remain uncertain.