Why is Spel Semiconduct falling/rising?

As of 11-Aug, Spel Semiconductor Ltd's stock price is currently at Rs 114.50, reflecting an increase of Rs 2.15 or 1.91%. The stock has been gaining for the last two days, with a total return of 2% during this period. However, it has underperformed in the longer term, with a decline of 42.07% over the past year. Today's performance indicates that the stock outperformed its sector by 1.16%, but it is trading lower than its moving averages across various time frames. The company's fundamentals are concerning, with operating losses and a high Debt to EBITDA ratio of 4.25 times, which suggests a weak ability to service debt. Additionally, domestic mutual funds hold only a minimal stake in the company, indicating a lack of confidence in its valuation or business prospects.
In the broader market context, while the Sensex has shown a slight decline of 0.51% over the past week, Spel Semiconductor has experienced a more significant drop of 2.39% in the same timeframe. This trend of underperformance continues when looking at the one-month return, where the stock fell by 8.25% compared to a 2.30% decline in the benchmark. The stock's liquidity remains adequate for trading, but a notable decrease in investor participation, with delivery volume falling by 20.69% against the five-day average, raises concerns about ongoing interest in the stock. Overall, despite a recent uptick, the stock's long-term performance and fundamental weaknesses suggest a challenging outlook.