Why is Elgi Rubber Co falling/rising?

As of 26-Jun, Elgi Rubber Company Ltd is experiencing a price increase, currently at Rs 60.52, reflecting a rise of 2.88 (5.0%). Despite this daily gain, the stock has shown a troubling trend, having fallen every week for the last eight weeks and every month for the past six weeks, resulting in a staggering -100% return during these periods. The stock opened with a gain of 5% today and reached an intraday high of Rs 60.52. However, it has been trading erratically, with no activity on five days out of the last twenty. The company faces significant challenges, including operating losses and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength and negative operating profits.
In the broader market context, Elgi Rubber's short-term performance has outpaced the benchmark Sensex, which increased by 3.05% over the past week, while Elgi Rubber's stock rose by 12.53% in the same timeframe. However, the stock's year-to-date performance is concerning, with a decline of 55.52%, contrasting sharply with the Sensex's gain of 8.05%. The company's poor long-term growth metrics, including minimal net sales growth and a significant drop in profit, indicate a risky investment, despite the recent uptick in price. This combination of factors suggests that while the stock may be experiencing a temporary rise, the underlying fundamentals remain weak, leading to a cautious outlook.