Why is Katare Spinning falling/rising?

As of 03-Jul, Katare Spinning Mills Ltd's stock price is currently at 157.90, reflecting an increase of 1.95, or 1.25%. The stock has shown a positive trend recently, gaining for the last three days with a total return of 3.88% during this period. Despite today's performance, the stock has underperformed over the longer term, with a year-to-date decline of 26.21% and a one-year return of -34.21%. The company faces significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a negative return on capital employed (ROCE) and a high debt-to-equity ratio. These factors contribute to a perception of risk, despite the recent uptick in stock price.
Broader market context indicates that while Katare Spinning Mills has outperformed its sector by 0.95% today, it has struggled against the benchmark, with a one-month return of -5.42% compared to the Sensex's positive 3.10%. The stock's performance over the past three years has consistently lagged behind the benchmark, highlighting ongoing concerns about its viability and growth potential. The significant drop in delivery volume and the fact that the stock is trading below several moving averages further underscore the challenges it faces in gaining investor confidence in the long term.