Why is MPL Plastics falling/rising?

As of 25-Aug, MPL Plastics Ltd is currently priced at 9.30, reflecting an increase of 0.06 or 0.65%. The stock has shown a positive trend recently, gaining 1.75% over the last two days and outperforming its sector by 0.4%. However, despite this recent uptick, the stock has experienced a significant decline over the longer term, with a year-to-date drop of 24.21% and a one-year return of -33.09%. The company faces challenges such as a negative book value, poor long-term growth with net sales declining at an annual rate of -100%, and a high debt-to-equity ratio, which contribute to its weak fundamental strength. Additionally, the stock's earnings per share for the latest quarter were at a low of Rs -0.12, indicating ongoing financial difficulties.
In the broader market context, MPL Plastics has outperformed the Sensex in the short term, with a weekly return of 2.54% compared to the benchmark's 0.45%. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the past three years, one year, and three months. The decline in investor participation, evidenced by a 1.5% drop in delivery volume against the five-day average, further complicates the stock's outlook. While the stock is currently liquid enough for trading, the overall negative sentiment surrounding its financial health and performance metrics suggests that the recent price increase may not be sustainable in the face of these underlying issues.