Why is Damodar Indust. falling/rising?

As of 10-Jul, Damodar Industries Ltd is currently priced at 38.57, reflecting an increase of 1.38 or 3.71%. The stock has shown a positive trend today, gaining after five consecutive days of decline and outperforming its sector by 4.01%. It reached an intraday high of Rs 40, indicating a strong recovery attempt. However, despite this short-term gain, the company has faced significant challenges, including a high debt burden and weak long-term fundamentals, with net sales declining at an annual rate of -11.31% and operating profit plummeting by -154.86% over the past five years. Additionally, 30.14% of promoter shares are pledged, which could exert further downward pressure in a falling market.
In the broader market context, the stock has outperformed the Sensex by 1.74% over the past week, while the benchmark has seen a slight decline of -0.06%. However, the stock's year-to-date performance remains concerning, with a decline of -11.31% compared to the Sensex's gain of +6.46%. This consistent underperformance against the benchmark over the last three years, coupled with negative operating profits and a low return on equity, suggests that while there may be short-term fluctuations, the long-term outlook for Damodar Industries Ltd remains precarious.