Why is Super Tannery falling/rising?

As of 25-Sep, Super Tannery Ltd's stock is currently priced at 8.78, reflecting an increase of 0.15, or 1.74%. Today's performance indicates that the stock has outperformed its sector by 2.64%. However, it is important to note that while the stock is trading higher than its 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a mixed performance in the past week, with a decline of 0.90%, but a slight increase of 0.34% over the past month. Despite a significant drop of 28.38% over the last year, the company has reported positive results for the last three consecutive quarters, with a notable return on capital employed (ROCE) of 8.88% and a higher profit after tax of Rs 6.91 Cr. However, the stock's long-term fundamentals are weak, with a high debt-to-EBITDA ratio and poor growth metrics, which may contribute to investor caution.
In the broader market context, Super Tannery's recent performance contrasts with the Sensex, which has declined by 2.23% over the past week and 0.58% over the past month. This suggests that the stock's short-term rise is somewhat insulated from the broader market downturn. However, the stock has underperformed the BSE500 over the last three years, one year, and three months, indicating ongoing challenges. The falling investor participation, as evidenced by a 25.36% drop in delivery volume, may also reflect a lack of confidence in the stock's long-term prospects despite its recent positive quarterly results.