Why is MMTC falling/rising?

As of 08-Sep, MMTC Ltd's stock price is currently at 65.68, reflecting an increase of 1.08 or 1.67%. The stock has shown positive momentum recently, having outperformed its sector by 3.93% today and achieving a consecutive gain over the last two days, with a total return of 3% during this period. Additionally, the stock reached an intraday high of Rs 67.19, indicating strong trading activity. However, despite these short-term gains, the company faces significant challenges, including a high debt-to-equity ratio of 5.43 times and a concerning annual decline in net sales of 82.63% over the past five years. The company's profitability is also low, with a return on capital employed averaging just 3.83%. These factors contribute to a risky investment profile, as evidenced by a negative EBITDA and a substantial drop in profits of 70.7% over the past year.
In the broader market context, MMTC's recent performance contrasts sharply with the benchmark, as it has gained 5.63% over the past week compared to the Sensex's modest increase of 0.53%. While the stock has shown resilience in the short term, it has underperformed significantly over the longer term, with a year-to-date decline of 9.72% against the Sensex's gain of 3.39%. This disparity highlights the stock's volatility and the market's cautious stance, particularly given that domestic mutual funds hold only a minimal stake of 0.51%, suggesting a lack of confidence in the company's future prospects.