Why is Aksh Optifibre falling/rising?

As of 17-Sep, Aksh Optifibre Ltd is currently priced at 8.03, reflecting an increase of 0.08 or 1.01%. The stock has shown a performance today that outperformed its sector by 1.93%. However, despite this short-term gain, the stock has a concerning long-term outlook, with a year-to-date decline of 29.93% and a negative return of 4.40% over the past year. The company's financial health is under scrutiny due to a high debt-to-equity ratio of 6.83 times and a low return on equity of 0.13%, indicating weak profitability. Additionally, the company has reported negative results for the last ten consecutive quarters, with significant declines in net sales and profit after tax. The decreasing stake of promoters by 0.54% further suggests a lack of confidence in the company's future prospects.
In the broader market context, the stock's short-term return of 3.61% over the past week has outperformed the Sensex, which increased by 1.56%. However, this short-term performance contrasts sharply with the stock's long-term underperformance, as it has consistently lagged behind the benchmark over the last three years. The overall market sentiment appears to be cautious, especially given the company's high debt levels and declining financial metrics, which may deter investors despite the recent uptick in price.