Why is Monotype India falling/rising?

As of 01-Aug, Monotype India Ltd's stock price is currently at Rs. 0.64, reflecting an increase of Rs. 0.01 or 1.59%. The stock has recently outperformed its sector by 3.07% today, indicating a slight positive movement after two consecutive days of decline. However, it is important to note that the stock has hit a new 52-week low of Rs. 0.61 today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite the recent positive performance, the stock has experienced significant declines over the past week and month, with returns of -5.88% and -11.11%, respectively. The company has reported strong financial results over the last four quarters, with net sales growing by 164.65% and profit after tax increasing by 55.96%. However, the presence of a negative book value and high debt levels raises concerns about its long-term viability, contributing to a perception of risk among investors.
In the broader market context, Monotype India's short-term performance contrasts with the benchmark Sensex, which has only declined by 1.06% over the past week and 3.70% over the past month. This indicates that while Monotype India is facing more significant challenges, the overall market is experiencing less volatility. Additionally, the reduction in promoter stake by 1.14% may signal diminishing confidence in the company's future prospects, further complicating its market position. Overall, while there are some positive indicators in terms of recent performance and financial results, the stock's overall trajectory remains concerning due to its weak long-term fundamentals and high debt levels.