Why is Monotype India falling/rising?

As of 23-Jul, Monotype India Ltd's stock price is currently at Rs.0.68, reflecting an increase of Rs.0.02 or 3.03%. The stock has recently outperformed its sector by 2.49% today, marking a trend reversal after five consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite hitting a new 52-week low of Rs.0.65 earlier today, the company has reported positive results for the last four consecutive quarters, with net sales and profit after tax showing increases. Nevertheless, the stock is considered risky due to its negative book value and high debt levels, which contribute to a weak long-term fundamental strength.
In the broader market context, Monotype India's short-term performance has been notably poor, with a 1-week return of -2.86% compared to the Sensex's slight gain of +0.11%. Year-to-date, the stock has declined by 62.84%, while the Sensex has increased by 5.87%. The reduction in promoter confidence, as evidenced by a 1.14% decrease in their stake, further complicates the stock's outlook. Overall, while there are some positive indicators in terms of recent performance and quarterly results, the underlying financial weaknesses and market comparisons suggest a challenging environment for Monotype India Ltd.