Why is Ecoboard Inds. falling/rising?

As of 11-Aug, Ecoboard Industries Ltd is experiencing a price increase, currently at Rs 29.48, reflecting a rise of 1.43 or 5.1%. The stock opened with a significant gain of 5.06% today and has outperformed its sector by 5.29%. However, despite this short-term positive movement, the stock has shown a decline of 6.26% over the past month and a year-to-date decrease of 9.35%. The company faces challenges, including a negative book value and weak long-term fundamentals, with operating profit growth stagnating at 0% over the last five years. The company has reported losses and a negative net worth, which raises concerns for investors about its sustainability without fresh capital or profit generation.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a slight decline of 0.51% over the past week. While Ecoboard Industries Ltd has outperformed the benchmark in the short term, its long-term performance remains concerning, with a 3-year return of -4.90% compared to the Sensex's 35.85% gain. The stock's liquidity is adequate for trading, but falling investor participation, as indicated by a significant drop in delivery volume, suggests a lack of confidence among investors. Overall, while the stock is rising today, the underlying fundamentals and long-term performance issues present a mixed outlook.