Why is Eastern Treads falling/rising?

As of 11-Sep, Eastern Treads Ltd's stock price is currently at 30.99, reflecting an increase of 0.99 or 3.3%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 3.48% today. However, despite this short-term gain, the stock has underperformed significantly over the longer term, with a 1-month decline of 10.69% and a year-to-date drop of 18.43%. The company reported positive quarterly results with the highest net sales and profit after tax figures, but it also faces challenges such as a negative book value, high debt levels, and a weak long-term growth outlook, which contribute to its overall riskiness.
In the broader market context, Eastern Treads' recent performance contrasts with the benchmark, as it has outperformed the Sensex by 4.45% over the past week, while the benchmark has only increased by 1.03%. However, the stock's long-term performance remains concerning, with a 30.36% decline over the past year compared to the Sensex's minimal growth of 0.03%. This consistent underperformance against the benchmark over the last three years, coupled with negative operating profits and a high debt-to-equity ratio, indicates that while there may be short-term gains, the stock's fundamental weaknesses are likely to weigh heavily on its future performance.