Why is Mahalaxmi Seam. falling/rising?

As of 21-Jul, Mahalaxmi Seamless Ltd is currently priced at 8.78, reflecting an increase of 0.41 or 4.9%. The stock has been gaining momentum recently, having outperformed its sector by 3.98% today and achieving a consecutive gain over the last two days, with a total return of 10.03% during this period. However, despite this short-term rise, the stock has experienced a significant decline of 14.42% over the past month and a staggering 35.63% year-to-date. The company faces challenges, including a negative book value and a high debt-to-EBITDA ratio of 3.43, which contribute to its weak long-term fundamental strength. Additionally, the stock's delivery volume has decreased by 6.07% against its five-day average, indicating falling investor participation.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has remained relatively stable with a slight decline of 0.06% over the past week. While Mahalaxmi Seamless Ltd has shown a positive short-term return, its long-term performance remains concerning, as it has underperformed the BSE500 over various time frames, including the last three years and one year, with a return of -24.64%. This underperformance, combined with the company's financial weaknesses, suggests that while the stock may be experiencing a temporary rise, its overall outlook remains precarious in comparison to the broader market trends.