Why is Binani Industrie falling/rising?

As of 08-Jul, Binani Industries Ltd is currently priced at 12.06, reflecting an increase of 0.11 or 0.92%. The stock has shown a performance today that outperformed its sector by 0.25%. However, it is important to note that while the stock is higher than its 5-day moving averages, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. The stock has experienced a significant decline in investor participation, with a delivery volume of 571 on July 7, which is down by 91.28% compared to the 5-day average. Additionally, the stock has had poor long-term growth, with net sales decreasing at an annual rate of -39.70% over the past five years, and it has a negative book value, indicating weak long-term fundamental strength.
In the broader market context, Binani Industries has underperformed compared to the benchmark Sensex, with a 1-week return of +2.90% against the Sensex's +0.02%. The stock has generated a return of -19.60% over the past month, significantly lagging behind the Sensex's +1.85% return. This underperformance is compounded by the company's high debt levels and negative EBITDA, which contribute to its classification as a risky investment. Overall, despite a slight uptick in price, the stock's long-term outlook remains bleak, and its recent performance indicates a struggle to attract investor interest amidst a challenging financial backdrop.