Why is Mangalam Industr falling/rising?

As of 04-Jul, Mangalam Industrial Finance Ltd's stock price is currently at 1.69, reflecting an increase of 0.08 or 4.97%. The stock has shown a positive performance today, outperforming its sector by 4.84%. However, despite this short-term gain, the stock has a concerning long-term outlook, with a year-to-date return of -54.20% and a one-year return of -60.70%. The stock's delivery volume has significantly decreased by 72.16% compared to the five-day average, indicating falling investor participation. Additionally, the company has weak long-term fundamentals, evidenced by a low average Return on Equity (ROE) of 1.38% and a high Price to Book Value ratio of 6.2, which suggests it is overvalued relative to its peers.
In the broader market context, the stock's short-term return of +6.29% over the past week contrasts sharply with the Sensex, which has declined by 0.74% during the same period. This indicates that Mangalam Industrial Finance Ltd is experiencing a temporary rebound despite its overall poor performance in the long term. The reduction in promoter confidence, with a 5.2% decrease in their stake, further complicates the stock's outlook, as it may reflect a lack of belief in the company's future prospects. Overall, while the stock has seen a rise in the short term, the underlying factors suggest significant challenges ahead.