Why is Mukta Arts falling/rising?

As of 16-Sep, Mukta Arts Ltd is currently priced at 70.03, reflecting an increase of 0.5 (0.72%). The stock has been gaining for the last three days, with a total return of 4.44% during this period. However, it has underperformed its sector by 0.84% today. Despite the recent gains, the stock has shown a significant decline over the past month, down 11.35%, and has a year-to-date drop of 22.15%. 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 six consecutive quarters, with a PAT of Rs -6.09 crore, which has fallen by 40.8% compared to the previous four-quarter average.
In the broader market context, Mukta Arts has outperformed the Sensex in the short term, with a 1-week return of 3.67% compared to the Sensex's 1.58%. However, the stock has consistently underperformed against the benchmark over the last three years, generating -13.34% returns in the past year while the Sensex has remained relatively flat at -0.73%. The rising investor participation, indicated by a significant increase in delivery volume, suggests some positive sentiment, but the overall financial health of the company remains a concern, making it a risky investment.