Why is Incon Engineers falling/rising?

As of 17-Jul, Incon Engineers Ltd is experiencing a price increase, currently at 10.80, reflecting a change of 0.51 or 4.96% upward. Despite this positive movement today, the stock has shown a mixed performance over different periods, with a 1-week return of +10.20%, contrasting sharply with a 1-month decline of -9.55%. The stock has underperformed significantly over the longer term, with a year-to-date return of -17.43% and a 1-year return of -30.23%. Today's performance indicates that it has outperformed its sector by 3.4%, although it is trading below several moving averages, suggesting potential volatility. Additionally, the stock is facing challenges such as a negative book value, high debt levels, and a consistent underperformance against benchmarks, which may contribute to investor caution.
In the broader market context, the Sensex has shown a slight decline of -1.12% over the past week, while Incon Engineers has managed to rise, indicating some resilience in the short term. However, the stock's long-term performance remains concerning, with significant underperformance against the benchmark over the last three years, where it has generated negative returns while the Sensex has increased. This context of broader market performance, combined with the company's weak fundamentals and declining investor participation, suggests that while there may be short-term gains, the overall outlook for Incon Engineers remains precarious.