Why is MPL Plastics falling/rising?

As of 17-Sep, MPL Plastics Ltd is currently priced at 9.22, reflecting an increase of 0.31 or 3.48%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 4.09% today, and there has been a notable increase in investor participation, with delivery volume rising by 45.85% compared to the 5-day average. However, despite this short-term positive movement, the stock has underperformed significantly over longer periods, with a year-to-date decline of 24.86% and a staggering 56.01% drop over the past three years. The company faces serious challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has generated a negative return of 0.54% over the past week, while the Sensex has risen by 1.56%. This consistent underperformance against the benchmark, coupled with poor long-term growth indicators such as a -100.00% annual rate of net sales growth and negative EBITDA, suggests that while there may be short-term gains, the overall outlook for MPL Plastics remains bleak. The stock's historical volatility and the lack of institutional support further exacerbate its risk profile, indicating that investors should remain cautious despite the recent uptick in price.