Why is SEAMEC Ltd falling/rising?

As of 12-Nov, SEAMEC Ltd's stock price is currently at 861.20, reflecting an increase of 34.05, or 4.12%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 8.84% during this period. It opened with a gain of 4.5% today and reached an intraday high of Rs 869.75. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 27.75% and a one-year return of -32.23%. Factors contributing to its recent rise include a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.45 times, and a significant increase in delivery volume, which rose by 1006.98% compared to the five-day average. However, the company is facing challenges such as poor long-term growth, a substantial drop in profit after tax, and a high debt-equity ratio, which may weigh on investor sentiment.
In the broader market context, SEAMEC Ltd's recent performance contrasts with the benchmark Sensex, which has gained 1.21% over the past week and 2.38% over the past month. While SEAMEC Ltd has outperformed its sector by 0.58% today, its longer-term performance remains concerning, especially given the decline in institutional investor participation, which decreased by 2.06% in the previous quarter. This suggests that while there may be short-term gains, the overall market sentiment towards SEAMEC Ltd is cautious, reflecting its underperformance relative to broader market trends and benchmarks.