Why is Rushil Decor falling/rising?

As of 23-Jun, Rushil Decor Ltd's stock price is currently at 28.76, reflecting an increase of 0.49, or 1.73%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -1.47% compared to a slight increase of 0.12% in the Sensex. Over the past month, however, it has performed better, with a return of +9.65% against the benchmark's +0.22%. The stock is trading at a discount compared to its peers, and the recent increase in promoter stake by 1.74% signals rising confidence in the company's future. Nevertheless, the company faces challenges, including a high Debt to EBITDA ratio of 4.73 times and consistent underperformance over the last three years, which may weigh on investor sentiment.
In the broader market context, while Rushil Decor has shown some positive movement recently, its year-to-date return of -13.94% starkly contrasts with the Sensex's gain of +4.81%. This suggests that the stock's recovery may not yet be fully aligned with broader market trends. The stock's recent performance, despite being better than its recent lows, indicates a struggle to regain investor confidence, particularly given its historical underperformance against the benchmark. The liquidity of the stock remains adequate for trading, but the falling investor participation could signal caution among traders, further complicating its recovery trajectory.