Why is Indian CardCloth falling/rising?

As of 03-Sep, Indian Card Clothing Company Ltd's stock price is currently at Rs 255.10, reflecting an increase of Rs 1.1 or 0.43%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and reached an intraday high of Rs 261.4, which is a 2.91% increase. However, despite this short-term gain, the stock has underperformed significantly over the past month, with a decline of 10.99%, and a year-to-date drop of 22.93%. The company has reported operating losses and a weak long-term fundamental strength, indicated by a negative EBIT to Interest ratio of -3.69 and a negative return on capital employed (ROCE). Additionally, the company’s recent financial results show a 55% fall in profit after tax and the lowest inventory turnover ratio at 4.03 times, contributing to the stock's overall weak performance.
In the broader market context, the stock's recent performance is contrasted against the Sensex, which has only declined by 0.27% over the past week. This indicates that while the stock has experienced a slight uptick today, it has consistently underperformed against the benchmark over the last three years, generating negative returns of -10.51% in the past year. The rising investor participation, with a significant increase in delivery volume, suggests some interest in the stock despite its risks and negative EBITDA. Overall, the stock's recent movement reflects a complex interplay of short-term gains against a backdrop of long-term financial challenges and underperformance relative to the broader market.