Why is Yatra Online falling/rising?

As of 10-Jul, Yatra Online Ltd is experiencing a price increase, currently at Rs 85.95, reflecting a rise of 1.41 (1.67%). The stock has shown a positive trend recently, gaining for the last four consecutive days with a total return of 3.43% during this period. It reached an intraday high of Rs 86.28, and the delivery volume has significantly increased, indicating rising investor participation. Despite this short-term gain, the stock has underperformed over the longer term, with a decline of 31.60% over the past year. The company has reported strong financial results, including a 52.05% growth in net profit and a substantial increase in net sales, which may contribute positively to investor sentiment. However, concerns about long-term fundamental strength and weak profitability metrics, such as a low return on equity, could temper enthusiasm.
In the broader market context, Yatra Online's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.06% over the past week. While Yatra's short-term return of 1.24% over the last week is positive, it is important to note that the stock has significantly lagged behind the benchmark in longer time frames, with a year-to-date decline of 25.65% compared to the Sensex's gain of 6.46%. This disparity highlights the challenges Yatra faces in regaining investor confidence amidst its historical underperformance relative to broader market indices.