Why is Mena Mani Inds. falling/rising?

As of 14-Jul, Mena Mani Industries Ltd is currently priced at 8.05, showing no change (0.00%). The stock has performed positively over the past week, with a return of +8.78%, and has also seen a significant increase of +15.00% over the past month. However, despite these gains, there is a notable decline in investor participation, as evidenced by a 31.69% drop in delivery volume compared to the 5-day average. The company has reported positive results for the last four consecutive quarters, with net sales increasing to Rs 14.14 crore and a profit after tax of Rs 0.21 crore for the last nine months. Nevertheless, the stock carries a negative book value and is considered risky, which may be contributing to the flat price movement despite the positive sales figures.
In the broader market context, Mena Mani Industries Ltd's recent performance contrasts sharply with the benchmark Sensex, which has declined by 1.42% over the past week while the stock has risen. This indicates that the stock is outperforming the market in the short term. However, over a longer horizon, the stock has underperformed significantly compared to the Sensex, with a 3-year return of -30.60% against the benchmark's +53.99%. This disparity highlights the stock's volatility and the potential risks associated with its negative long-term fundamentals, despite its recent positive performance.