Why is Valiant Laborato falling/rising?

As of 02-Jul, Valiant Laboratories Ltd's stock price is currently at Rs 113.80, reflecting an increase of Rs 2.15, or 1.93%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 1.85% today. The stock reached an intraday high of Rs 116, indicating a 3.9% rise, although it also touched a low of Rs 109, which was a decrease of 2.37%. Over the past week, the stock has underperformed with a return of -2.28%, but it has seen a positive return of 6.01% over the last month. Despite these gains, the stock has a concerning long-term performance, with a return of -18.54% over the past year and a weak average Return on Equity (ROE) of 0%. Positive factors include a recent increase in institutional investor participation, which may provide some support, but the company's long-term fundamentals remain weak, with significant declines in net sales and operating profit over the past five years.
In the broader market context, the Sensex has shown a positive return of 0.79% over the past week and 2.50% over the last month, indicating that while Valiant Laboratories has had some short-term gains, it is still lagging behind the benchmark in the longer term. The stock's year-to-date performance of 2.75% is also below the Sensex's 6.75% return, highlighting its consistent underperformance against broader market trends. The overall market appears to be more favorable, which contrasts with Valiant's struggles, particularly given its negative EBITDA and the significant drop in delivery volume, suggesting that investor confidence may be wavering despite some recent positive movements.