Why is Muller & Phipps falling/rising?

As of 02-Jul, Muller & Phipps (India) Ltd is experiencing a decline in its stock price, currently at Rs 353.80, reflecting a decrease of Rs 3.3 or 0.92%. Today's price summary indicates that the stock opened significantly lower, with an initial loss of 8.13%, and reached an intraday low of Rs 328.05. Despite this, the stock has shown strong performance over the past week, with an increase of 11.70%, and a remarkable 60.82% rise over the past month. However, the company faces challenges, including a negative book value and weak long-term fundamentals, as evidenced by a significant decline in operating profit and a high debt-to-equity ratio. These factors contribute to a perception of risk among investors, despite the stock's recent market-beating performance.
In the broader market context, while Muller & Phipps has outperformed the benchmark Sensex with a 1-year return of 16.19% compared to the market's 5.00%, the stock's performance today underperformed its sector by 1.69%. The rising investor participation, indicated by a 41.5% increase in delivery volume, suggests some level of interest despite the stock's current struggles. Overall, the combination of strong short-term returns juxtaposed with concerning long-term financial health creates a complex picture for investors, leading to the stock's current downward movement.