Why is Medinova Diagno. falling/rising?

As of 10-Oct, Medinova Diagnostic Services Ltd is currently priced at 39.00, reflecting an increase of 0.23 or 0.59%. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Despite today's performance, which outperformed the sector by 0.62%, the stock has experienced a significant decline of 5.55% over the past week and 6.70% over the past month. The company's negative book value and high debt levels contribute to a weak long-term fundamental strength, which may deter investors despite the recent uptick in price.
Broader market context reveals that while Medinova's year-to-date return stands at 4.70%, it has underperformed the Sensex, which has gained 5.58% in the same period. The stock's recent performance is further complicated by a notable drop in investor participation, with delivery volume falling by 68.4% against the 5-day average. This lack of liquidity, combined with the company's flat financial results and high PEG ratio, suggests that the stock may be viewed as risky by investors, impacting its overall market perception and contributing to its fluctuating price movements.