Why is Vivid Mercantile falling/rising?

As of 18-Jul, Vivid Mercantile Ltd's stock price is currently at 6.64, reflecting a slight increase of 0.02 (0.3%). The stock has shown a trend reversal by gaining after two consecutive days of decline and has outperformed its sector by 0.86%. However, it is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 2.78%, while it has seen a year-to-date increase of 9.57%. Despite this positive year-to-date performance, the company has not declared results in the last six months, and its financial health appears weak, with a poor EBIT to Interest ratio and negative growth in net sales and profit after tax for the most recent period.
Broader market context shows that while Vivid Mercantile has outperformed the Sensex in the short term, its one-month return of -7.52% contrasts sharply with the Sensex's modest gain of 0.38%. This suggests that the stock's recent price movement may be influenced more by company-specific challenges rather than broader market trends. The stock's liquidity remains adequate, but the overall weak long-term fundamentals and high valuation compared to peers may be contributing to investor caution, despite the recent uptick in trading volume.