Why is K G Denim falling/rising?

As of 24-Jul, K G Denim Ltd's stock price is currently at 16.50, reflecting an increase of 0.06 or 0.36%. The stock has shown a trend reversal by gaining after three consecutive days of decline, and it has outperformed its sector by 0.34% today. However, despite this short-term uptick, the stock has underperformed significantly over longer periods, with a year-to-date decline of 33.73% and a staggering 53.19% drop over the past three years. The company is facing serious financial challenges, including a negative book value, high debt levels, and consistent losses over the last 11 quarters, which have contributed to its weak long-term fundamental strength.
In the broader market context, K G Denim's recent performance contrasts sharply with the benchmark, as it has generated a return of -8.59% over the past week while the Sensex has remained relatively flat with a decline of only 0.09%. This underperformance is indicative of the company's ongoing struggles, particularly as it has reported negative net sales and profits that have plummeted by 98.2% over the past year. The stock's liquidity appears sufficient for trading, but the overall financial instability and negative growth trends suggest that investors remain cautious, leading to a challenging outlook for K G Denim in the current market environment.