Why is MFL India falling/rising?

As of 23-Sep, MFL India Ltd's stock price is currently at 0.57, reflecting a decrease of 0.01 or 1.72%. The stock has underperformed its sector by 1.89% today, with a delivery volume that has fallen by 39.63% compared to the 5-day average, indicating a decline in investor participation. Over the past week, the stock has shown a positive return of 3.64%, and a 1-month return of 7.55%, but it has a year-to-date decline of 18.57% and a significant drop of 20.83% over the past year. The company faces challenges such as a negative book value, a high debt-to-equity ratio of 2.57, and poor financial performance, including a substantial drop in PAT and operating profit, which contribute to its weak long-term fundamental strength.
In the broader market context, while MFL India has outperformed the Sensex in the short term, the benchmark has shown a slight increase of 0.98% over the past month, contrasting with MFL's gains. However, the stock's long-term performance is concerning, with a staggering decline of 49.56% over the past three years compared to the Sensex's gain of 41.31%. This stark difference highlights the stock's volatility and risk, particularly given its negative EBITDA and the significant drop in profits over the past year. Overall, the combination of weak financial indicators and declining investor interest suggests that MFL India Ltd's stock price is under pressure.