Why is Muller & Phipps falling/rising?

As of 01-Aug, Muller & Phipps (India) Ltd is experiencing a price increase, currently at Rs 264.90, reflecting a rise of 9.9 points or 3.88%. The stock has shown a positive performance today, outperforming its sector by 2.5% and marking a consecutive gain over the last two days with a total return of 5.54%. However, despite this short-term uptick, the stock has faced significant challenges, including a negative book value and weak long-term fundamentals, with net sales growing at only 10.36% annually and an operating profit stagnating at 0% over the past five years. The company also has a high debt-to-equity ratio and has reported poor financial results, including a negative EBITDA and a substantial drop in profits over the past year.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.06% over the past week while Muller & Phipps has gained 1.18%. However, the stock's longer-term performance remains concerning, with a year-to-date decline of 14.41% compared to the Sensex's increase of 3.15%. The falling investor participation, as indicated by a 53.02% drop in delivery volume, suggests that while there may be short-term gains, the overall sentiment towards the stock remains cautious due to its underlying financial weaknesses.