Why is Eastern Treads falling/rising?

As of 12-Sep, Eastern Treads Ltd is experiencing a price increase, currently at 31.47, reflecting a change of 0.48 or 1.55% upward. The stock has shown a positive performance today, outperforming its sector by 2.05% and has gained 4.9% over the last week. Despite this short-term gain, the stock has faced significant challenges, with a year-to-date decline of 17.16% and a one-year return of -28.44%. The company reported its highest quarterly net sales at Rs 16.65 cr and a positive PAT of Rs -0.14 cr, but it also has a negative book value and a weak long-term growth outlook, which raises concerns among investors.
In the broader market context, Eastern Treads' recent performance contrasts with the Sensex, which has risen by 1.48% over the past week. While the stock has shown some short-term resilience, its long-term fundamentals remain weak, as evidenced by a negative operating profit and a debt-to-equity ratio indicating high leverage. The stock has consistently underperformed against the benchmark over the last three years, which may contribute to investor caution despite the recent uptick in price.