Why is Miven Mach. Tool falling/rising?

As of 09-Jul, Miven Machine Tools Ltd is experiencing a price increase, currently at Rs 64.26, reflecting a rise of 3.06 or 5.0%. The stock has shown a trend reversal after three consecutive days of decline, outperforming its sector by 4.68% today. Despite hitting a new 52-week low of Rs 58.9 earlier in the day, the stock reached an intraday high of Rs 64.26. However, it is important to note that Miven Machine Tools has underperformed significantly over the past year, with a return of -32.25%, and has a negative book value, indicating weak long-term fundamental strength. The company also faces challenges such as high debt levels and poor sales growth, which contribute to its risky trading status.
In the broader market context, the Sensex has shown a slight increase of 0.15% over the past week, contrasting with Miven Machine Tools' decline of 7.83% during the same period. While the stock has gained today, its year-to-date performance remains poor at -39.32%, compared to the Sensex's positive return of 6.91%. This indicates that despite today's positive movement, Miven Machine Tools is still struggling to keep pace with the overall market, reflecting ongoing investor concerns about its long-term viability and financial health.