Why is Modipon falling/rising?

As of 19-Sep, Modipon Ltd's stock price is currently at 42.00, reflecting a slight increase of 0.01 (0.02%). The stock has shown a positive trend recently, gaining 4.87% over the last two days, although it remains below its longer-term moving averages. Despite this short-term gain, the stock has experienced a significant decline of 32.27% over the past year. The company reported positive results for the quarter ending June 25, with the highest recorded PBDIT, PBT, and PAT at Rs -0.09 cr, which may have contributed to the recent uptick. However, the stock's negative book value and high debt levels indicate weak long-term fundamentals, which could be a concern for investors.
In the broader market context, Modipon's short-term performance of +3.14% over the past week outpaces the Sensex's gain of +0.88%, suggesting that the stock is performing relatively well compared to the benchmark in the short term. However, the overall long-term performance remains poor, with a decline of 30.69% year-to-date compared to the Sensex's increase of 5.74%. The falling investor participation, as indicated by a 94.52% drop in delivery volume, raises concerns about liquidity and investor confidence in the stock, despite the high institutional holdings of 21.42%, which may provide some stability.