Why is Alps Industries falling/rising?

As of 04-Aug, Alps Industries Ltd is experiencing a price increase, currently at 2.18, reflecting a change of 0.19 or 9.55% upward. Despite this recent uptick, the stock has shown a poor performance over the past month, with a decline of 18.35%, and a significant drop of 35.31% over the last year. Today's trading activity indicates erratic patterns, as the stock did not trade on three days out of the last twenty. However, there has been a notable increase in investor participation, with delivery volume rising by 6769.74% against the five-day average. The stock is currently trading below all key moving averages, indicating a bearish trend, and it has been classified as a strong sell due to its negative book value and high debt levels.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 0.16% over the past week. While Alps Industries has outperformed its sector today by 9.21%, its long-term outlook remains concerning, with negative EBITDA and a history of poor growth metrics. The company has also underperformed relative to the BSE500 over various time frames, including the last three years and one year. The high percentage of pledged promoter shares adds to the risk, particularly in a declining market, which could exert additional downward pressure on the stock's price despite the recent rise.