Why is MPL Plastics falling/rising?

As of 08-Sep, MPL Plastics Ltd is currently priced at 9.32, reflecting a slight increase of 0.03 or 0.32%. The stock has shown a positive trend in the short term, having gained 2.98% over the last two days and outperforming its sector by 1.01% today. However, despite this recent uptick, the stock has underperformed significantly over longer periods, with a year-to-date decline of 24.04% and a staggering 33.67% drop over the past year. The company faces challenges such as a negative book value, high debt levels, and poor long-term growth prospects, which have contributed to its weak fundamental strength. Additionally, the stock's delivery volume has fallen dramatically, indicating reduced investor participation.
In the broader market context, while MPL Plastics has seen a modest increase in the short term, it has lagged behind the benchmark Sensex, which has gained 0.53% over the past week. The stock's long-term performance is concerning, as it has consistently underperformed against the benchmark over the last three years, with a return of -46.13% compared to the Sensex's +35.35%. This persistent underperformance, coupled with the company's negative EBITDA and declining sales, suggests that while there may be short-term gains, the overall outlook remains bleak, contributing to the stock's volatility and investor caution.