Why is Mahalaxmi Fab. falling/rising?

As of 09-Sep, Mahalaxmi Fabric Mills Ltd is experiencing a price increase, currently at Rs 33.55, reflecting a rise of 1.39 or 4.32%. The stock has shown significant performance today, outperforming its sector by 4.3% and achieving a consecutive gain over the last two days with a total return of 25.19%. It opened with a notable gain of 17.2% and reached an intraday high of Rs 37.69. Despite this positive movement, the company faces challenges with weak long-term fundamentals, including a negative Return on Capital Employed (ROCE) of 0% and declining operating profits, which have decreased by an annual rate of -19.85% over the past five years. Additionally, the company's ability to service its debt is concerning, as indicated by a poor EBIT to Interest ratio of 0.38.
In the broader market context, Mahalaxmi Fabric Mills Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of +10.36% compared to the Sensex's +1.18%. However, the stock has underperformed over the longer term, with a year-to-date decline of -32.09% against the Sensex's +3.79%. The stock's volatility today, with an intraday fluctuation of 8.18%, and a significant increase in delivery volume by 1758.57% compared to the 5-day average, indicates rising investor participation despite the underlying financial weaknesses. Overall, while the stock is currently rising, it remains risky due to its poor long-term growth prospects and negative operating profits.