Why is Skyline Millars falling/rising?

As of 04-Jul, Skyline Millars Ltd is currently priced at 24.00, reflecting an increase of 0.5 or 2.13%. The stock has shown strong performance in the short term, with a 3.23% gain over the past week and an impressive 11.11% increase over the last month. Today's price summary indicates that Skyline Millars is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 2.52% compared to the 5-day average. While the company reported positive results in the latest six months, including a higher profit after tax and strong quarterly earnings before interest and taxes, it also faces significant challenges, such as weak long-term fundamental strength and a negative EBITDA, which could impact investor sentiment.
In the broader market context, Skyline Millars has outperformed the Sensex by 1.37% today, indicating a relatively strong position compared to the benchmark. However, over the past year, the stock has underperformed the market, generating a negative return of -8.05% while the broader market has seen a return of 4.23%. This disparity highlights the stock's volatility and the risks associated with its long-term growth potential, particularly given its poor EBIT to interest ratio and low return on equity. Despite recent gains, the overall outlook remains cautious due to the company's historical performance and ongoing financial challenges.