Why is Eastern Treads falling/rising?

As of 23-Sep, Eastern Treads Ltd is currently priced at Rs. 29.45, reflecting an increase of Rs. 0.44 or 1.52%. The stock has recently experienced a trend reversal, gaining after four consecutive days of decline. However, it has hit a new 52-week low of Rs. 28.3 today. Despite this short-term gain, the stock has significantly underperformed over the past week, down 7.97%, and has a year-to-date decline of 22.48%. The company reported its highest quarterly net sales and profit after tax figures recently, but it also has a negative book value and high debt levels, indicating weak long-term fundamentals. The stock's performance has been further hampered by a significant drop in investor participation, with delivery volume falling by 56.39% against the five-day average.
In the broader market context, Eastern Treads has underperformed the benchmark, the Sensex, which has shown a slight decline of 0.34% over the past week while the stock itself has dropped more significantly. This consistent underperformance against the benchmark over the last three years, coupled with a negative operating profit and poor long-term growth prospects, suggests that the stock is considered risky. The overall market sentiment may be affecting the stock's ability to recover, despite the recent uptick, as it continues to struggle against both its historical performance and broader market trends.