Why is Meyer Apparel falling/rising?

As of 09-Jul, Meyer Apparel Ltd's stock price is currently at 2.15, reflecting an increase of 0.04 or 1.9%. The stock has shown a positive performance today, outperforming its sector by 1.91%, and has experienced consecutive gains over the last two days, resulting in a total return of 3.86% during this period. Despite a negative book value and weak long-term fundamentals, including a significant decline in net sales and a high debt-to-equity ratio, the stock has managed to achieve a year-to-date return of 24.28%, indicating some resilience. However, the company's poor long-term growth prospects and negative EBITDA suggest underlying risks that could affect future performance.
In the broader market context, Meyer Apparel's short-term performance has been somewhat mixed compared to the Sensex, which has gained 0.15% over the past week while Meyer Apparel has declined by 1.83%. Despite this, the stock has outperformed the benchmark over the past month with a return of 10.82% compared to the Sensex's 1.32%. The rising investor participation, evidenced by a 41.41% increase in delivery volume, suggests a growing interest in the stock, which may be contributing to its recent upward movement despite the existing financial challenges.