Why is Gratex Industrie falling/rising?

As of 29-Jul, Gratex Industries Ltd is experiencing a price increase, currently at 18.15, reflecting a change of 0.84 or 4.85% upward. Despite this positive movement today, the stock has shown a decline of 4.12% over the past month and a significant drop of 30.78% year-to-date. Today's performance indicates that it has outperformed its sector by 4.17%, but the stock has been characterized by erratic trading, not having traded on 4 out of the last 20 days. Additionally, it is trading below all major moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 93.68% against the 5-day average. The company has weak long-term fundamentals, indicated by a -2.52% CAGR growth in operating profits over the last five years and a low return on equity of 2.85%, which signifies low profitability.
In the broader market context, Gratex Industries has underperformed relative to the benchmark, with a one-year return of -14.43% compared to the BSE500's -2.26%. This underperformance is further highlighted by the stock's weak ability to service its debt, reflected in a poor EBIT to Interest ratio of 0.13, and a premium valuation compared to its peers. While the stock has shown a positive movement today, the overall trend remains concerning due to its long-term financial health and declining investor interest, suggesting that the recent rise may not be sustainable in the face of these underlying issues.