Why is Alok Industries falling/rising?

As of 10-Sep, Alok Industries Ltd's stock price is currently at 18.58, reflecting an increase of 0.46 or 2.54%. The stock has shown a trend reversal by gaining after two consecutive days of decline. However, despite this short-term uptick, the stock has underperformed significantly over the longer term, with a year-to-date decline of 11.69% and a staggering 30.33% drop over the past year. The stock's performance today is in line with the textile sector, which has gained by 2.59%. Nevertheless, the company faces serious challenges, including a negative book value, high debt levels, and consistently poor financial results, including negative net sales and profit after tax over the last six months, which contribute to its classification as a strong sell.
In the broader market context, Alok Industries' short-term return of 1.03% over the past week is slightly below the benchmark Sensex, which has gained 1.06% in the same period. While the stock has shown some recovery today, the overall trend remains concerning due to its long-term underperformance against the benchmark, particularly over the last three years. The significant drop in investor participation, with delivery volume falling by 39.44% against the five-day average, further indicates a lack of confidence among investors. This combination of short-term gains amidst a backdrop of long-term struggles suggests that while the stock may be experiencing a temporary rise, the underlying fundamentals remain weak.