Why is K G Denim falling/rising?

As of 19-Sep, K G Denim Ltd's stock price is currently at 21.61, reflecting an increase of 0.31 or 1.46%. The stock has shown a positive trend today, having outperformed its sector by 1.26% and reversing a two-day decline. Over the past week, the stock has gained 2.37%, and it has increased by 13.80% over the last month. However, the company faces significant challenges, including a negative book value and a high debt-to-equity ratio of 2.77 times, which contribute to its weak long-term fundamental strength. Despite the recent uptick, the stock has consistently underperformed over the past year, with a return of -19.15%, and has reported negative results for the last 12 consecutive quarters.
Broader market context indicates that while K G Denim has shown some short-term recovery, it still lags behind the benchmark, the Sensex, which has gained 0.88% over the past week. The stock's performance is concerning given its long-term decline of 46.18% over the last three years compared to the Sensex's 39.71% increase. The company's poor financial health, characterized by a significant drop in net sales and negative profitability, raises questions about its sustainability in the market. Overall, while there is a slight rise in the stock price today, the broader context suggests ongoing risks and challenges that could impact future performance.