Why is Indo Euro Indch. falling/rising?

As of 18-Sep, Indo Euro Indchem Ltd's stock price is currently at 12.74, reflecting an increase of 0.25 or 2.0%. The stock has shown a positive trend recently, gaining 2.17% over the last two days and outperforming its sector by 2.76% today. Despite this short-term gain, the stock has a concerning long-term outlook, with a negative return of -21.31% year-to-date and a significant decline of -12.44% over the past year. The company's financial health is questionable, as it has reported weak long-term fundamental strength, a low average return on equity of 3.98%, and a poor EBIT to Interest ratio of 0.13, indicating difficulties in servicing its debt. Additionally, the latest six-month net sales have plummeted by -56.56%, contributing to a negative EBITDA and raising concerns about the stock's valuation.
In the broader market context, the stock's recent performance has been favorable compared to the benchmark, with a 1-week return of +6.26% against the Sensex's +1.80%. However, this short-term outperformance does not mitigate the stock's consistent underperformance over the last three years, where it has lagged behind the BSE500 in each annual period. The rising investor participation, evidenced by a significant increase in delivery volume, may suggest a temporary interest in the stock, but the underlying financial issues and historical performance indicate a risky investment. Overall, while there are short-term gains, the long-term fundamentals and consistent underperformance raise significant concerns about the stock's viability.