Why is K G Denim falling/rising?

As of 24-Sep, K G Denim Ltd's stock price is currently at 20.39, reflecting an increase of 0.62 or 3.14%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 3.57% today. Despite this short-term uptick, the stock has underperformed significantly over the past year, with a return of -24.26%, and has consistently reported negative results for the last 12 quarters. The company faces challenges such as a negative book value, high debt levels with a debt-to-equity ratio of 2.77, and a poor long-term growth trajectory, with net sales declining at an annual rate of -35.28%. These factors contribute to a weak fundamental outlook, despite the recent rise in investor participation, as indicated by a 139.87% increase in delivery volume.
In the broader market context, K G Denim's short-term performance contrasts with the benchmark, as it has declined by 6.89% over the past week while the Sensex has only fallen by 1.18%. Although the stock has gained 5.27% over the past month, it remains significantly behind the benchmark's year-to-date return of 4.58%. This consistent underperformance over the last three years, coupled with the company's negative financial indicators, suggests that while there may be short-term fluctuations, the long-term outlook remains precarious.