Why is MEP Infrast. falling/rising?

As of 04-Aug, MEP Infrastructure Developers Ltd is currently priced at 1.77, reflecting an increase of 0.13 or 7.93%. The stock has shown a performance today that outperformed its sector by 6.46% and has gained after six 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. Despite today's rise, the stock has significantly underperformed over longer periods, with a year-to-date decline of 38.97% and a staggering 79.32% drop over the past year. The company has not declared results in the last six months, and its financial health is concerning, with negative results for the last eight quarters, high debt levels, and a significant portion of promoter shares pledged, all contributing to a weak long-term outlook.
In the broader market context, while MEP Infrastructure has seen a short-term uptick, it remains in stark contrast to the benchmark, as it has underperformed the Sensex by 7.81% over the past week and 12.81% over the past month. The Sensex has shown a slight increase of 0.16% in the last week and a decline of only 2.89% over the past month, highlighting the stock's ongoing struggles relative to the market. The combination of weak fundamentals, high debt, and consistent underperformance against the benchmark suggests that any short-term gains may not be sustainable without significant improvements in the company's financial performance.