Why is MPL Plastics falling/rising?

As of 07-Oct, MPL Plastics Ltd is experiencing a price increase, currently at 9.63, which reflects a change of 0.63 or 7.0% upward. The stock has shown strong performance today, outperforming its sector by 5.71%. Additionally, it has demonstrated a positive trend in investor participation, with a delivery volume increase of 14.05% compared to the 5-day average. However, despite this short-term rise, the company has significant long-term challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak fundamental strength. Over the past year, the stock has generated a return of -26.21%, indicating consistent underperformance against benchmarks.
In the broader market context, MPL Plastics has outperformed the Sensex in the short term, with a weekly return of +9.81% compared to the benchmark's +2.07%. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, with a staggering -49.45% return. This underperformance is compounded by flat results in recent quarters and a negative EBITDA, making the stock a risky investment despite its recent price increase.