Why is Alps Industries falling/rising?

As of 19-Aug, Alps Industries Ltd is experiencing a price increase, currently at 1.81, reflecting a change of 0.03 or 1.69% upward. Despite this recent uptick, the stock has shown a significant decline over the past month, down 25.21%, and a staggering 56.70% over the past year. Today's performance indicates that the stock has outperformed its sector by 0.4%, although it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 57.85% compared to the 5-day average. The company's fundamentals are concerning, as it has a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its classification as a strong sell.
In the broader market context, the stock's short-term performance of +5.85% over the past week contrasts with the Sensex's return of +1.76%, indicating a temporary rebound. However, the long-term outlook remains bleak, with the stock underperforming the benchmark over various periods, including a 42.54% decline year-to-date compared to the Sensex's gain of 4.49%. The high percentage of pledged promoter shares adds to the risk, particularly in a declining market, further pressuring the stock price. Overall, while there is a slight rise in the stock price today, the underlying financial health and market conditions suggest a challenging environment for Alps Industries Ltd.