Why is Modipon falling/rising?

As of 24-Sep, Modipon Ltd's stock price is currently at Rs 41.99, reflecting an increase of Rs 1.98 or 4.95%. The stock has shown a positive performance today, outperforming its sector by 5.38%. It reached an intraday high of Rs 42.01, indicating some upward momentum. However, the stock's performance over the past month has been negative, with a decline of 2.33%. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 60.93% against the 5-day average. The company has high institutional holdings at 21.42%, which may provide some support due to the better analytical capabilities of these investors. However, the company also faces challenges, including a negative book value and a weak long-term fundamental strength, which could weigh on investor sentiment.
In the broader market context, Modipon's short-term return of +4.84% over the past week contrasts sharply with the Sensex, which has declined by 1.18% during the same period. This suggests that the stock is experiencing a relative strength compared to the overall market. However, it is important to note that Modipon has underperformed the benchmark over longer periods, with a year-to-date return of -30.71% compared to the Sensex's +4.58%. The stock's performance has been characterized by poor long-term growth and high debt levels, which may contribute to its volatility and risk profile, despite the recent uptick in price.