Why is Super Tannery falling/rising?

As of 04-Jul, Super Tannery Ltd's stock price is currently at 9.19, reflecting a slight increase of 0.02 (0.22%). Today's performance indicates that the stock has outperformed its sector by 1.51%. However, it is important to note that while the stock is above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. The stock has shown a 2.68% increase over the past week, contrasting with a decline of 1.50% over the past month. Despite a year-to-date decline of 22.12%, the company has reported positive results, including a 21.82% growth in net sales for the nine-month period and a high return on capital employed (ROCE) of 8.88%. However, the stock's long-term fundamentals are weak, with a low average ROCE of 6.71% and a high debt-to-EBITDA ratio of 3.86 times, which may deter some investors.
In the broader market context, Super Tannery's recent short-term performance has been favorable compared to the Sensex, which has declined by 0.74% over the past week. However, the stock has consistently underperformed against the benchmark over the last three years, generating a return of -5.65% in the past year while the Sensex has increased by 4.23%. This underperformance, coupled with a decline in investor participation indicated by a 17.83% drop in delivery volume, suggests that while there may be short-term gains, the long-term outlook remains uncertain, impacting investor sentiment and potentially leading to a cautious approach towards the stock.