Why is Katare Spinning falling/rising?

As of 27-Jun, Katare Spinning Mills Ltd's stock price is currently at Rs 158.95, reflecting an increase of Rs 3.95 or 2.55%. Today's price summary indicates that the stock has gained after two consecutive days of decline, opening with a significant gain of 8.39% and reaching an intraday high of Rs 168. Despite this positive movement today, the stock has underperformed in the longer term, with a year-to-date return of -25.72% and a one-year return of -33.44%. The company is facing challenges, including operating losses and a high debt-to-equity ratio of 7.91 times, which contribute to its weak long-term fundamental strength. Additionally, the stock is trading below its moving averages, indicating a bearish trend over the medium to long term.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has generated a return of -2.18% over the past week while the Sensex has increased by 2.00%. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles, as it has failed to keep pace with market growth. Although there has been a notable increase in investor participation, with delivery volume rising significantly, the overall sentiment remains cautious due to the company's financial instability and negative EBITDA.