Why is Madhusudan Inds. falling/rising?

As of 16-Jul, Madhusudan Industries Ltd's stock price is currently at Rs 41.80, reflecting an increase of Rs 1.21 or 2.98%. The stock opened with a gain of 3.47% today, reaching an intraday high of Rs 42, although it also experienced a low of Rs 39.01 during the day. Despite this positive movement, the stock has shown a significant decline over the past year, with a return of -33.64%, which is a stark contrast to the broader market's performance. The company is facing challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -0.44. Additionally, the stock's recent performance is hindered by a negative EBITDA and a significant drop in delivery volume, which has fallen by 59.54% against the 5-day average.
In the broader market context, Madhusudan Industries has outperformed the sector by 1.86% today, but its year-to-date performance remains concerning, with a decline of -26.67% compared to a 5.75% increase in the Sensex. While the stock has shown some short-term resilience, its long-term fundamentals are weak, and it has underperformed the market significantly over the past year. The stock's recent rise may be attributed to short-term trading dynamics rather than a fundamental recovery, as the company continues to struggle with profitability and operational challenges.