Why is Kesoram Inds. falling/rising?

As of 10-Jul, Kesoram Industries Ltd's stock price is currently at 5.67, reflecting an increase of 0.27 or 5.0%. The stock has shown a positive trend recently, having outperformed its sector by 5.58% today and achieving a consecutive gain over the last two days with a total return of 10.1%. However, despite this short-term rise, the stock has significantly underperformed over longer periods, with a year-to-date decline of 97.40% and a one-year drop of 97.32%. The company faces challenges such as operating losses, a high debt-to-equity ratio, and negative results over the last three quarters, which contribute to its weak long-term fundamental strength.
In the broader market context, Kesoram Industries Ltd's recent performance contrasts sharply with the benchmark Sensex, which has gained 6.46% year-to-date. While the stock has shown some short-term recovery, its long-term outlook remains bleak due to poor sales growth and negative profitability indicators. The stock's liquidity is adequate for trading, but the falling investor participation, as indicated by a decrease in delivery volume, suggests a lack of confidence among investors. Overall, while there is a temporary rise in the stock price, the underlying fundamentals and long-term performance indicate significant risks.