Why is Cravatex falling/rising?

As of 29-Sep, Cravatex Ltd's stock price is currently at 418.50, reflecting an increase of 8.1 or 1.97%. The stock has shown positive momentum recently, gaining for the last two days and achieving a total return of 6.19% during this period. It opened with a gain of 2.29% today and reached an intraday high of Rs 419.9. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 5.09% and a one-year return of -14.93%. The company is facing significant challenges, including operating losses and a weak ability to service its debt, which has contributed to its negative return on capital employed (ROCE) and a poor EBIT to interest ratio of -5.27.
In the broader market context, Cravatex's short-term performance has outperformed the Sensex, which has declined by 2.18% over the past week while Cravatex fell by only 1.30%. However, the stock's longer-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years. The company's financial struggles, including a negative EBITDA and a significant drop in net sales, indicate a weak long-term fundamental strength, which may overshadow the recent price gains and contribute to investor caution.