Why is Elango Industrie falling/rising?

As of 21-Aug, Elango Industries Ltd is experiencing a price increase, currently at 9.83, reflecting a rise of 0.46 or 4.91%. Despite this positive movement today, the stock has shown a decline of 9.32% over the past month and a significant drop of 17.26% year-to-date. Today's performance indicates that it has outperformed its sector by 4.27%, although it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. The stock's liquidity appears adequate for trading, but there has been a notable decrease in investor participation, with delivery volume falling by 51.91% compared to the 5-day average. Additionally, the company faces challenges such as operating losses and a weak ability to service its debt, which contributes to its overall weak long-term fundamental strength.
In the broader market context, the stock's short-term return of +0.51% over the past week is notably lower than the Sensex's gain of +1.74% during the same period. This underperformance is consistent with the stock's trend of negative returns over the last year and its inability to keep pace with the BSE500 index in both the short and long term. The company's low profitability, as indicated by a Return on Equity of just 0.76%, and its negative EBITDA position further exacerbate its risk profile, suggesting that while there may be short-term gains, the long-term outlook remains concerning.