Why is Cravatex falling/rising?

As of 12-Aug, Cravatex Ltd's stock price is currently at 485.00, reflecting an increase of 8.0, or 1.68%. Today's performance indicates that the stock has outperformed its sector by 2.6%. However, despite this positive movement, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a poor EBIT to Interest ratio of -3.91 and negative return on capital employed (ROCE). The company reported a substantial decline in profit after tax, falling by 385.4%, and its net sales are at their lowest, which raises concerns about its financial health. Additionally, the stock has consistently underperformed against benchmarks over the past three years, generating a negative return of -3.00% in the last year.
In the broader market context, Cravatex's short-term return of +0.18% over the past week stands in contrast to the Sensex, which has declined by -0.59% during the same period. This indicates that while the stock is experiencing a slight upward movement, it is still facing headwinds from its underlying financial issues and overall market conditions. The significant drop in delivery volume, which fell by 78.19% compared to the five-day average, suggests a decrease in investor participation, further complicating the stock's outlook. Overall, while there is a short-term rise in price, the long-term fundamentals and market performance indicate a more cautious perspective on Cravatex Ltd.