Why is Mena Mani Inds. falling/rising?

As of 09-Jul, Mena Mani Industries Ltd is experiencing a price increase, currently at 7.35, which reflects a change of 0.32 or 4.55% upward. The stock has shown positive performance today, outperforming its sector by 4.17%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, with delivery volume falling by 70.84% against the 5-day average. Despite the stock's recent rise, it has underperformed over the longer term, with a 1-year return of -14.24% and a 3-year return of -36.09%. The company has reported positive results for the last four consecutive quarters, with net sales growing by 49.17%, but it also faces challenges such as a negative book value and weak long-term fundamental strength.
In the broader market context, Mena Mani Industries Ltd has outperformed the Sensex in the short term, with a 1-week return of +2.08% compared to the benchmark's +0.15%. However, the stock's year-to-date performance is lagging behind the Sensex, with a return of +1.80% against the benchmark's +6.91%. The company's consistent underperformance over the last three years raises concerns, as it has not only generated negative returns but also seen a decline in profits. This combination of short-term gains amidst long-term challenges creates a complex picture for investors considering the stock's future trajectory.