Why is Mega Nirman falling/rising?

As of 02-Jul, Mega Nirman & Industries Ltd is experiencing a price increase, currently at 22.50, reflecting a change of 0.4 or 1.81% upward. Today's price summary indicates that the stock has outperformed its sector by 3.04% and has shown a trend reversal, gaining after two consecutive days of decline. Despite this positive movement, the stock's delivery volume has significantly decreased by 91.55% compared to the 5-day average, indicating falling investor participation. Over the past year, the stock has generated a return of 15.56%, which is notably higher than the broader market's return of 3.11%. However, the company faces challenges, including operating losses and weak long-term fundamental strength, with an annual growth rate of operating profit at -2.09%. The stock is also considered expensive, trading at a premium compared to its peers, with a price-to-book value of 1.7.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 2.05% over the past week while the Sensex has increased by 0.79%. Despite the recent uptick in price, the stock's long-term outlook remains concerning due to its weak fundamentals and high valuation metrics. The combination of strong past performance and current price movement may not be enough to offset the underlying issues, which could lead to cautious sentiment among investors.