Why is Morarjee Text. falling/rising?

As of 24-Sep, Morarjee Textiles Ltd is currently priced at 9.88, reflecting an increase of 0.32 or 3.35%. The stock has shown a positive performance today, outperforming its sector by 3.78%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a short-term upward trend. However, the stock has faced significant challenges, including a weak long-term fundamental strength due to a lack of declared results in the last six months, a high debt-to-equity ratio of 2.75 times, and a substantial decline in net sales and operating profit over the past five years. The company has also reported negative results for the last four consecutive quarters, contributing to its overall risk profile.
In the broader market context, Morarjee Textiles has outperformed the Sensex in the short term, with a 1-week return of +5.67% compared to the benchmark's -1.18%. Despite this recent positive movement, the stock has consistently underperformed against the benchmark over the last three years, with a year-to-date return of -6.53% compared to the Sensex's +4.58%. This underperformance, coupled with a significant drop in investor participation and liquidity concerns, suggests that while there may be short-term gains, the long-term outlook remains precarious for Morarjee Textiles.