Why is Incon Engineers falling/rising?

As of 23-Sep, Incon Engineers Ltd's stock price is currently at 13.65, reflecting an increase of 0.65 or 5.0%. The stock has shown strong performance recently, gaining 26.04% over the last six days and outperforming its sector by 4.54% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, despite these short-term gains, the company faces significant challenges, including a negative book value and a high debt-to-equity ratio, which suggest weak long-term fundamental strength. The stock has consistently underperformed against benchmarks over the past three years, and while it has seen a rise in profits, its overall return over the last year remains negative at -14.90%.
In the broader market context, Incon Engineers has outperformed the Sensex in the short term, with a 1-week return of +25.46% compared to the benchmark's -0.34%. This stark contrast highlights the stock's recent strength despite its long-term struggles. The company's liquidity appears adequate for trading, but the underlying financial issues, such as flat net sales growth and negative EBITDA, pose risks that could affect future performance. Overall, while the stock is experiencing a rise in the short term, its long-term outlook remains precarious due to fundamental weaknesses.