Why is Muller & Phipps falling/rising?

As of 08-Sep, Muller & Phipps (India) Ltd is currently priced at 264.00, showing no change (0.00%). The stock has outperformed its sector today by 2.26%, although it has experienced erratic trading, not trading on one day out of the last 20. In terms of returns, the stock has increased by 7.32% over the past week and 9.07% over the past month, while it has a year-to-date decline of 14.70%. Positive factors include strong results from June 25, with the highest return on capital employed (ROCE) at 56.00% and a profit after tax (PAT) of Rs 0.70 crore. However, the company faces significant challenges, including a negative book value, high debt levels, and a risky trading profile due to negative EBITDA, which may contribute to investor caution.
Broader market context indicates that while Muller & Phipps has shown strong short-term performance compared to the benchmark Sensex, which has only increased by 0.53% over the past week, the overall market sentiment may still be cautious due to the company's weak long-term fundamentals. The stock's liquidity remains adequate, but a significant drop in delivery volume by 92.31% against the five-day average suggests a decline in investor participation. This combination of strong short-term returns against a backdrop of long-term weaknesses may lead to volatility in the stock's price movement.