Why is Mukta Arts falling/rising?

As of 03-Jul, Mukta Arts Ltd's stock price is currently at 89.05, reflecting an increase of 1.05 or 1.19%. The stock has shown strong performance in the near term, with a 9.91% increase over the past week and a 19.69% increase over the past month, significantly outperforming the Sensex, which has declined by 0.62% and increased by only 3.10% respectively. However, despite this positive short-term performance, the company faces challenges, including a negative book value and a high debt-to-EBITDA ratio of 6.46 times, indicating weak long-term fundamental strength. Additionally, the company has reported negative results for the last five consecutive quarters, which may contribute to investor caution despite the recent price increase.
In the broader market context, Mukta Arts has outperformed the benchmark indices over various periods, including a 25.94% return over the past year compared to the Sensex's 4.07%. However, the film production, distribution, and entertainment sector has seen a decline of 2.06%, which could impact investor sentiment. The stock's liquidity remains adequate for trading, but there has been a notable decrease in investor participation, with delivery volume falling by 56.18% against the five-day average. This decline in participation, combined with the company's ongoing financial struggles, suggests that while the stock is currently rising, underlying issues may pose risks for future performance.