Why is Muller & Phipps falling/rising?

As of 24-Jun, Muller & Phipps (India) Ltd's stock price is currently at 294.90, reflecting an increase of 10.15 or 3.56%. The stock has shown strong performance recently, gaining 13.42% over the last three days and outperforming its sector by 3.87% today. It opened with a gain of 3.95% and reached an intraday high of Rs 297.8. However, despite these short-term gains, the company faces significant challenges, including a negative book value and a weak long-term fundamental strength, as evidenced by poor growth in net sales and operating profit over the past five years. Additionally, the company has a high debt-to-equity ratio and has reported negative earnings, which raises concerns about its sustainability.
In the broader market context, Muller & Phipps has outperformed the Sensex significantly in the short term, with a 1-week return of +22.87% compared to the Sensex's +0.58%. However, the stock's year-to-date performance remains negative at -4.72%, contrasting with the Sensex's positive return of +5.01%. This divergence highlights the stock's volatility and the potential risks associated with its financial health, despite its recent price increase. The falling investor participation, indicated by a 26.3% drop in delivery volume, further suggests caution among investors regarding the stock's long-term viability.