Why is E-Land Apparel falling/rising?

As of 19-Sep, E-Land Apparel Ltd's stock price is currently at 20.96, reflecting an increase of 0.96 or 4.8%. The stock has outperformed its sector today by 4.6% and has seen consecutive gains over the last two days, accumulating a total return of 9.91% during this period. Despite a significant decline of 13.50% over the past month, the stock has shown strong year-to-date performance with a return of 67.28%. However, the company faces challenges, including a negative book value and weak long-term fundamental strength, as evidenced by stagnant operating profits and high debt levels. Additionally, institutional investor participation has decreased, indicating a lack of confidence in the company's future prospects.
In the broader market context, E-Land Apparel's short-term performance of +5.59% over the past week significantly outpaces the Sensex, which has only gained +0.88% in the same timeframe. This suggests that while the stock is currently rising, it has struggled over the longer term, with a -13.50% return over the past month compared to the Sensex's +1.20%. The stock's ability to generate substantial returns despite a generally negative market environment indicates a potential for recovery, although the underlying financial weaknesses may pose risks for sustained growth.