Why is Westlife Food falling/rising?

As of 08-Jul, Westlife Foodworld Ltd's stock price is rising, currently at Rs 795.00, reflecting an increase of Rs 23.0 or 2.98%. The stock has shown strong performance today, outperforming its sector by 3.03% and achieving a consecutive gain over the last two days with a total return of 5.63%. It has also been trading above its moving averages across various time frames, indicating positive momentum. However, despite a year-to-date return of only 0.25% and a one-year decline of 5.55%, the stock is trading at a discount compared to its peers, which may attract investors. The high institutional holdings at 35.19% suggest that knowledgeable investors are backing the stock, although the company has faced significant challenges, including a substantial drop in profits and negative results over the last six quarters.
In the broader market context, Westlife Foodworld Ltd has outperformed the Sensex in the short term, with a weekly return of 3.25% compared to the Sensex's negligible increase of 0.02%. This short-term outperformance may contribute to the stock's rising price. However, the company has shown weak long-term fundamentals, including a high debt-to-EBITDA ratio and declining profitability, which could temper investor enthusiasm moving forward. The stock's recent gains may be driven by short-term trading dynamics rather than a robust recovery in its underlying financial health, as indicated by its poor long-term growth metrics and negative earnings trends.