Why is Modi Rubber falling/rising?

As of 18-Aug, Modi Rubber Ltd's stock price is currently at 117.70, reflecting a slight increase of 0.2 (0.17%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, it has underperformed its sector by 3.78%. Over the past week, the stock has increased by 2.08%, contrasting with a 6.96% decline over the past month. While the stock has generated a notable return of 25.21% over the past year, it faces challenges such as operating losses and a weak long-term fundamental strength, including a poor EBIT to Interest ratio of -16.73 and negative EBITDA. Additionally, the company has reported significant declines in profit before tax and net profit, which could weigh on investor sentiment.
In the broader market context, the Sensex has increased by 0.83% over the past week, indicating that while Modi Rubber has seen some short-term gains, it is lagging behind the market performance. The tyre and allied sector has gained by 4.04%, suggesting that the overall industry is performing well, yet Modi Rubber's stock is not fully capitalizing on this trend. The stock's liquidity appears adequate, with a significant rise in delivery volume, indicating increased investor participation. However, the company's ongoing financial struggles and reliance on non-operating income for profit may contribute to a cautious outlook among investors, impacting its ability to sustain price increases in the long term.